Invesco Ltd. Has $35.52 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Invesco Ltd. boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,932 shares of the company's stock after buying an additional 63,884 shares during the period. Invesco Ltd. owned about 1.05% of Adtalem Global Education worth $35,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Partners acquired a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $35,990,000. Neumeier Poma Investment Counsel LLC boosted its holdings in Adtalem Global Education by 59.2% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock valued at $36,842,000 after purchasing an additional 150,835 shares in the last quarter. Norges Bank acquired a new stake in Adtalem Global Education during the fourth quarter valued at approximately $11,157,000. Pier Capital LLC bought a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $9,114,000. Finally, Corient Private Wealth LLC grew its position in Adtalem Global Education by 1,907.5% in the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock valued at $8,729,000 after acquiring an additional 91,291 shares during the period. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Barrington Research reissued an "outperform" rating and issued a $120.00 price objective on shares of Adtalem Global Education in a research note on Tuesday, April 15th.

Adtalem Global Education Price Performance

Shares of ATGE stock traded up $4.95 during trading hours on Tuesday, reaching $102.27. 513,880 shares of the company were exchanged, compared to its average volume of 439,165. Adtalem Global Education Inc. has a fifty-two week low of $46.46 and a fifty-two week high of $112.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The stock's fifty day moving average is $100.62 and its two-hundred day moving average is $93.49. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the transaction, the director now owns 12,844 shares of the company's stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 in the last quarter. 2.00% of the stock is owned by company insiders.

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.