Phocas Financial Corp. acquired a new position in shares of Adtalem Global Education Inc. during the fourth quarter, according to the company's latest disclosure filing with the Securities and Exchange Commission (NYSE:ATGE – Free Report). The institutional investor acquired 123,917 shares of the company's stock, valued at approximately $7,305,000. Phocas Financial Corp. owned 0.31% of Adtalem Global Education at the end of the most recent quarter.
Many other large investors also changed their holdings in ATGE. Goldman Sachs Group increased its holdings in Adtalem Global Education by 1,102.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 922,481 shares of the company's stock worth $33,182,000 after purchasing an additional 845,743 shares in the last quarter. Wellington Management Group LLP raised its stake in Adtalem Global Education by 396.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company's stock worth $43,668,000 after acquiring an additional 813,849 shares in the last quarter. Ariel Investments LLC boosted its stake in Adtalem Global Education by 12.2% in the 1st quarter. Ariel Investments LLC now owns 5,641,162 shares of the company's stock worth $167,599,000 after acquiring an additional 611,402 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Adtalem Global Education in the 4th quarter valued at approximately $19,451,000. Finally, Norges Bank purchased a new position in Adtalem Global Education during the 4th quarter valued at approximately $12,885,000. Hedge funds and other institutional investors own 98.84% of the company's stock.
Wall Street Analysts Share Their Opinions
Many securities companies issue reports on ATGE. Barrington Research increased their target price on shares of Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 19th. StockNews.com downgraded shares of Adtalem Global Education from a “strong buy” rating to a “buy” rating in a report on Wednesday, February 7th. Four equity research analysts rate the stock as a “buy.” The stock has a consensus rating of “Buy” and a consensus price target of $56.67, based on MarketBeat data.
Check out the latest stock analysis on ATGE
Trades in Adtalem Global Education fell 1.9%.
ATGE stock fell $0.90 in intraday trading on Friday to $46.26. The trading volume of the company's stock was 343,670 shares, and the average trading volume was 370,616 shares. The company's 50 day simple moving average is $49.20 and its 200 day simple moving average is $52.47. Adtalem Global Education Inc. has a 12 month low of $33.59 and a 12 month high of $62.99. The company has a quick ratio of 0.95, a current ratio of 0.95, and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.81 billion, a P/E ratio of 16.95x, a price-to-earnings ratio of 0.67x, and a beta of 0.92x.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last posted its 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 net profit margin of 7.93% and a return on equity of 13.05%. The business had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. In the same period last year, the company's EPS was $1.17. The business's revenue for the quarter increased 8.4% compared to the same period last year. Research analysts on average predict that Adtalem Global Education Inc.'s EPS for the current fiscal year will be 4.64.
Adtalem Global Education Profile
(Free report)
Adtalem Global Education Inc provides workforce solutions around the world. The company operates through three segments: Chamberlain, Walden, Medical and Veterinary. The Chamberlain Division offers degree and non-degree programs in the nursing and health professions higher education industry. This segment operates Chamberlain University.
References
Curious if other hedge funds own ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Adtalem Global Education Inc. (NYSE:ATGE – Free Report).
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