Russell Investments Group Ltd. Acquires 16,848 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Russell Investments Group Ltd. increased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 478.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,369 shares of the company's stock after acquiring an additional 16,848 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Adtalem Global Education worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATGE. Phocas Financial Corp. acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at approximately $7,305,000. Comerica Bank lifted its stake in shares of Adtalem Global Education by 580.3% during the third quarter. Comerica Bank now owns 122,427 shares of the company's stock valued at $5,246,000 after acquiring an additional 104,431 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Adtalem Global Education by 1,584.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,786 shares of the company's stock valued at $2,994,000 after acquiring an additional 47,771 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Adtalem Global Education in the third quarter valued at about $653,000. Finally, Deutsche Bank AG increased its position in Adtalem Global Education by 11.9% in the third quarter. Deutsche Bank AG now owns 27,583 shares of the company's stock worth $1,182,000 after purchasing an additional 2,936 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ATGE. Robert W. Baird raised their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 7th. Finally, Barrington Research raised their price target on Adtalem Global Education from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd.

Adtalem Global Education Trading Down 1.0 %

NYSE ATGE traded down $0.68 during trading on Friday, reaching $65.27. 258,254 shares of the stock traded hands, compared to its average volume of 487,491. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. Adtalem Global Education Inc. has a fifty-two week low of $33.59 and a fifty-two week high of $67.69. The stock's 50-day moving average price is $52.53 and its 200 day moving average price is $54.28. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.34. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The company had revenue of $412.70 million during the quarter, compared to the consensus estimate of $391.68 million. During the same period in the prior year, the company earned $1.13 earnings per share. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts predict that Adtalem Global Education Inc. will post 4.9 EPS for the current year.

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.