Arizona State Retirement System Sells 963 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Arizona State Retirement System reduced its position in Adtalem Global Education Inc. (NYSE:ATGE) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,454 shares of the company’s stock after selling 963 shares during the quarter. Arizona State Retirement System’s holdings in Adtalem Global Education were worth $675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ariel Investments LLC increased its stake in Adtalem Global Education by 12.2% in the first quarter. Ariel Investments LLC now owns 5,641,162 shares of the company’s stock valued at $167,599,000 after acquiring an additional 611,402 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Adtalem Global Education by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 5,303,942 shares of the company’s stock worth $157,581,000 after buying an additional 115,954 shares in the last quarter. State Street Corp lifted its position in shares of Adtalem Global Education by 1.8% during the 1st quarter. State Street Corp now owns 1,575,281 shares of the company’s stock worth $60,837,000 after buying an additional 27,748 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Adtalem Global Education by 26.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock worth $51,954,000 after buying an additional 257,182 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Adtalem Global Education by 4.3% in the second quarter. Alliancebernstein L.P. now owns 1,189,393 shares of the company’s stock valued at $40,844,000 after buying an additional 48,976 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Trading Up 0.3 %

NYSE:ATGE opened at $46.14 on Friday. Adtalem Global Education Inc. has a 52 week low of $33.59 and a 52 week high of $62.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average is $48.95 and its 200-day moving average is $52.48. The firm has a market cap of $1.81 billion, a P/E ratio of 16.90, a P/E/G ratio of 0.66 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $393.24 million during the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Equities analysts expect that Adtalem Global Education Inc. will post 4.64 earnings per share for the current year.

Analysts Set New Price Targets

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

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.