Adtalem Global Education Inc. (NYSE:ATGE) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 1,584.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,786 shares of the company's stock after acquiring an additional 47,771 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.13% of Adtalem Global Education worth $2,994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ATGE. Royal Bank of Canada increased its holdings in shares of Adtalem Global Education by 65.2% in the 3rd quarter. Royal Bank of Canada now owns 727 shares of the company's stock valued at $27,000 after acquiring an additional 287 shares during the period. Ronald Blue Trust Inc. boosted its position in shares of Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company's stock worth $32,000 after purchasing an additional 568 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Adtalem Global Education in the 2nd quarter worth $35,000. US Bancorp DE boosted its position in shares of Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company's stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Adtalem Global Education in the 3rd quarter worth $56,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 7th. Barrington Research raised their price objective on Adtalem Global Education from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, January 19th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Adtalem Global Education has a consensus rating of "Buy" and an average price target of $56.67.

Adtalem Global Education Stock Performance

ATGE traded up $0.19 on Friday, reaching $46.33. 318,135 shares of the stock were exchanged, compared to its average volume of 339,277. The company's 50-day moving average price is $48.87 and its 200 day moving average price is $52.64. Adtalem Global Education Inc. has a fifty-two week low of $33.59 and a fifty-two week high of $62.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1.82 billion, a PE ratio of 16.97, a PEG ratio of 0.67 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.23. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The company had revenue of $393.24 million during the quarter, compared to analysts' expectations of $372.79 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm's revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Adtalem Global Education Inc. will post 4.63 EPS for the current fiscal year.

About Adtalem Global Education

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.