Wellington Management Group LLP Has $76.77 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Wellington Management Group LLP lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,067 shares of the company's stock after selling 149,225 shares during the quarter. Wellington Management Group LLP owned 2.27% of Adtalem Global Education worth $76,774,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Adtalem Global Education by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock worth $417,305,000 after acquiring an additional 82,931 shares in the last quarter. Capital World Investors grew its stake in shares of Adtalem Global Education by 5.2% in the fourth quarter. Capital World Investors now owns 1,016,441 shares of the company's stock valued at $92,344,000 after acquiring an additional 50,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Adtalem Global Education by 0.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock valued at $61,713,000 after acquiring an additional 3,908 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Adtalem Global Education by 19.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock worth $55,367,000 after purchasing an additional 99,491 shares during the period. Finally, Northern Trust Corp lifted its position in Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock worth $43,083,000 after purchasing an additional 22,084 shares during the period. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ATGE shares. Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Barrington Research raised their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company.

Adtalem Global Education Trading Up 2.1%

NYSE:ATGE traded up $2.75 on Friday, reaching $132.54. 563,024 shares of the stock traded hands, compared to its average volume of 457,046. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The company's 50 day moving average is $113.50 and its 200-day moving average is $101.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 1-year low of $62.28 and a 1-year high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. Equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has authorized a share repurchase plan on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.