Raymond James & Associates reduced its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE – Free Report) by 23.1% in the 4th quarter, according to its latest disclosure with the SEC. The institutional investor owned 21,794 shares of the company's stock after selling 6,556 shares during the period. Raymond James & Associates Adtalem Global Education had assets valued at $1,285,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company's stock. Royal Bank of Canada lifted its stake in Adtalem Global Education by 65.2% in the 3rd quarter. Royal Bank of Canada now owns 727 shares of the company's stock valued at $27,000 after purchasing an additional 287 shares in the last quarter. Ronald Blue Trust Inc. raised his stake in Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Company now owns 737 shares of the company's stock valued at $32,000 after purchasing an additional 568 shares in the last quarter. Lazard Asset Management LLC purchased a new position in his Adtalem Global Education in the 2nd quarter valued at approximately $35,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Adtalem Global Education in the 3rd quarter valued at approximately $56,000. Finally, US Bancorp DE lifted its stake in Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company's stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Institutional investors own 98.84% of the company's stock.
Adtalem Global Education Price Performance
NYSE ATGE opened at $46.32 on Friday. The company's 50 day simple moving average is $48.87 and its 200 day simple moving average is $52.51. The company has a current ratio of 0.95, a quick ratio of 0.95, and a debt-to-equity ratio of 0.51. Adtalem Global Education Inc. has a 12 month low of $33.59 and a 12 month high of $62.99. The company has a market capitalization of $1.82 billion, a P/E ratio of 16.97, a P/E ratio of 0.66, and a beta of 0.92.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $372.79 million. In the same period last year, the company's earnings per share were $1.17. The business's revenue for the quarter increased 8.4% year over year. Analysts predict that Adtalem Global Education will post 4.63 EPS for the current fiscal year.
Wall Street analysts predict growth
A number of brokerages have commented on ATGE recently. StockNews.com downgraded shares of Adtalem Global Education from a “strong buy” rating to a “buy” rating in a research note on Wednesday, February 7th. 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 research note on Friday, January 19th. 4 research analysts rate the stock as a Buy, based on data from MarketBeat.com. Adtalem Global Education currently has a consensus rating of “Buy” and a consensus price target of $56.67.
Check out the latest report on Adtalem Global Education.
About Adtalem Global Education
(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.
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