New York State Teachers Retirement System Sells 7,977 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

New York State Teachers Retirement System reduced its position in Adtalem Global Education Inc. (NYSE:ATGE) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,875 shares of the company’s stock after selling 7,977 shares during the period. New York State Teachers Retirement System’s holdings in Adtalem Global Education were worth $3,824,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. 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 valued at $27,000 after buying an additional 287 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock worth $32,000 after purchasing an additional 568 shares in the last quarter. Blue Trust Inc. boosted its stake in Adtalem Global Education by 41.4% in the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock worth $61,000 after purchasing an additional 305 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Adtalem Global Education in the 2nd quarter worth approximately $35,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Adtalem Global Education in the 3rd quarter worth approximately $56,000. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Stock Performance

ATGE opened at $46.26 on Monday. Adtalem Global Education Inc. has a 12-month low of $33.59 and a 12-month high of $62.99. 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 firm has a market capitalization of $1.81 billion, a PE ratio of 16.95, a P/E/G ratio of 0.67 and a beta of 0.92. The firm has a 50 day moving average of $49.20 and a two-hundred day moving average of $52.54.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The company had revenue of $393.24 million during the quarter, compared to analyst estimates of $372.79 million. During the same period last year, the firm posted $1.17 EPS. Adtalem Global Education’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Adtalem Global Education Inc. will post 4.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ATGE shares. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Barrington Research lifted 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. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $56.67.

About Adtalem Global Education

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.