Illinois Municipal Retirement Fund Has $1.38 Million Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Illinois Municipal Retirement Fund trimmed its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,382 shares of the company’s stock after selling 1,355 shares during the period. Illinois Municipal Retirement Fund’s holdings in Adtalem Global Education were worth $1,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its holdings 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 purchasing an additional 305 shares during the period. Daiwa Securities Group Inc. increased its holdings in Adtalem Global Education by 19.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after purchasing an additional 210 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in Adtalem Global Education in the third quarter valued at $56,000. Center for Financial Planning Inc. increased its holdings 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 purchasing an additional 639 shares during the period. Finally, Trust Investment Advisors acquired a new stake in Adtalem Global Education in the fourth quarter valued at $205,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of recent research reports. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Barrington Research reiterated an “outperform” rating and set a $65.00 price target on shares of Adtalem Global Education in a report on Tuesday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $56.67.

Adtalem Global Education Stock Performance

Shares of Adtalem Global Education stock opened at $49.72 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $48.69 and a two-hundred day moving average price of $52.65. Adtalem Global Education Inc. has a 1-year low of $33.59 and a 1-year high of $62.99. The company has a market cap of $1.95 billion, a P/E ratio of 18.21, a PEG ratio of 0.69 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. 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 during the quarter, compared to the consensus estimate of $372.79 million. During the same period last year, the business posted $1.17 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. As a group, analysts anticipate 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.