KBC Group NV Buys 400 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

KBC Group NV raised its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 31.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,654 shares of the company’s stock after purchasing an additional 400 shares during the quarter. KBC Group NV’s holdings in Adtalem Global Education were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after purchasing an additional 23,464 shares during the period. Wellington Management Group LLP raised its stake in Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock worth $75,049,000 after buying an additional 6,842 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Adtalem Global Education by 4.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after buying an additional 4,246 shares during the period. Peregrine Asset Advisers Inc. boosted its position in Adtalem Global Education by 33.5% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock valued at $6,425,000 after acquiring an additional 21,373 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Down 0.9 %

Adtalem Global Education stock opened at $109.10 on Friday. 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 Inc. has a 12-month low of $45.16 and a 12-month high of $112.43. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.15 and a beta of 0.97. The firm has a 50 day moving average of $94.68 and a 200 day moving average of $83.28.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares of the company’s stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

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.