Northern Trust Corp Raises Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Northern Trust Corp lifted its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 474,224 shares of the company's stock after purchasing an additional 22,084 shares during the quarter. Northern Trust Corp owned about 1.27% of Adtalem Global Education worth $43,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education in the 4th quarter valued at $26,000. R Squared Ltd purchased a new position in Adtalem Global Education in the fourth quarter valued at $70,000. Parkside Financial Bank & Trust grew its stake in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after buying an additional 860 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Activity

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ATGE shares. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday. Barrington Research upped their target price on Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target for the company.

Adtalem Global Education Trading Up 0.8%

Shares of NYSE:ATGE traded up $1.00 during mid-day trading on Wednesday, reaching $128.55. The stock had a trading volume of 142,286 shares, compared to its average volume of 448,427. The firm has a 50 day simple moving average of $104.55 and a two-hundred day simple moving average of $97.76. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $140.12. The firm has a market cap of $4.79 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. 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 (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. The company had revenue of $466.06 million for 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 firm's revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. On average, research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors 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.