Strs Ohio Has $943,000 Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Strs Ohio increased its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 116.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the company’s stock after acquiring an additional 8,600 shares during the quarter. Strs Ohio’s holdings in Adtalem Global Education were worth $943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ronald Blue Trust Inc. lifted its stake in shares of Adtalem Global Education by 336.1% in the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock worth $32,000 after acquiring an additional 568 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in Adtalem Global Education in the third quarter valued at approximately $56,000. Blue Trust Inc. lifted its stake in Adtalem Global Education by 41.4% in the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after buying an additional 305 shares during the period. Center for Financial Planning Inc. lifted its stake in Adtalem Global Education by 50.3% in the fourth quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock valued at $113,000 after buying an additional 639 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in Adtalem Global Education in the third quarter valued at approximately $201,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ATGE. Barrington Research reissued an “outperform” rating and issued a $65.00 price target on shares of Adtalem Global Education in a research note on Tuesday. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $56.67.

Adtalem Global Education Trading Up 0.4 %

NYSE ATGE opened at $47.23 on Thursday. The business has a 50 day moving average price of $48.68 and a 200-day moving average price of $52.65. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Adtalem Global Education Inc. has a 52 week low of $33.59 and a 52 week high of $62.99. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.67 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 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The firm had revenue of $393.24 million for the quarter, compared to analysts’ expectations of $372.79 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that Adtalem Global Education Inc. will post 4.63 earnings per share for the current fiscal 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.