Allspring Global Investments Holdings LLC Reduces Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 17.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 83,618 shares of the company’s stock after selling 18,139 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Adtalem Global Education were worth $7,597,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC purchased a new stake in Adtalem Global Education in the fourth quarter valued at approximately $516,000. Entropy Technologies LP acquired a new position in Adtalem Global Education in the fourth quarter valued at approximately $748,000. Calamos Advisors LLC acquired a new position in Adtalem Global Education in the fourth quarter valued at approximately $2,530,000. Spire Wealth Management acquired a new position in Adtalem Global Education in the fourth quarter valued at approximately $254,000. Finally, Caprock Group LLC lifted its holdings in Adtalem Global Education by 16.7% in the fourth quarter. Caprock Group LLC now owns 4,291 shares of the company’s stock valued at $390,000 after acquiring an additional 613 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barrington Research boosted their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Adtalem Global Education Stock Up 0.6 %

Shares of NYSE:ATGE opened at $106.56 on Thursday. The stock has a market cap of $3.97 billion, a P/E ratio of 19.84, a PEG ratio of 1.11 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 52-week low of $45.16 and a 52-week high of $112.43. The business has a fifty day moving average of $97.39 and a two-hundred day moving average of $85.04.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the sale, the director now directly owns 12,844 shares in the company, valued at $1,395,885.92. This represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,997 shares of company stock worth $1,747,608 in the last three months. 2.00% of the stock is owned by company insiders.

Adtalem Global Education 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.