Raymond James & Associates Cuts Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Raymond James & Associates reduced its position in Adtalem Global Education Inc. (NYSE:ATGE) by 23.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,794 shares of the company’s stock after selling 6,556 shares during the quarter. Raymond James & Associates owned 0.05% of Adtalem Global Education worth $1,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATGE. Royal Bank of Canada boosted 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 worth $27,000 after purchasing an additional 287 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake 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 valued at $32,000 after acquiring an additional 568 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at about $35,000. US Bancorp DE lifted its stake 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 valued at $53,000 after acquiring an additional 775 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Adtalem Global Education in the 3rd quarter valued at about $56,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Adtalem Global Education Trading Up 0.4 %

ATGE opened at $46.32 on Friday. The business has a 50 day simple moving average of $48.87 and a two-hundred day simple moving average of $52.51. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Adtalem Global Education Inc. has a one year low of $33.59 and a one year high of $62.99.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. The business had revenue of $393.24 million during the quarter, compared to analyst estimates of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. Adtalem Global Education’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 EPS. Analysts predict that Adtalem Global Education Inc. will post 4.63 EPS for the current year.

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.