Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in Adtalem Global Education Inc. (NYSE:ATGE) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,971 shares of the company’s stock after selling 311 shares during the period. Mutual of America Capital Management LLC’s holdings in Adtalem Global Education were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Adtalem Global Education by 396.5% in the third quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock worth $43,668,000 after buying an additional 813,849 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Adtalem Global Education by 26.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock worth $51,954,000 after buying an additional 257,182 shares during the last quarter. Comerica Bank boosted its stake in shares of Adtalem Global Education by 580.3% in the third quarter. Comerica Bank now owns 122,427 shares of the company’s stock worth $5,246,000 after buying an additional 104,431 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Adtalem Global Education by 1,584.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,786 shares of the company’s stock worth $2,994,000 after buying an additional 47,771 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Adtalem Global Education in the third quarter worth about $1,827,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ATGE shares. Barrington Research restated an “outperform” rating and issued a $65.00 target price on shares of Adtalem Global Education in a research note on Tuesday. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $56.67.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $47.03 on Wednesday. The company has a market capitalization of $1.84 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.67 and a beta of 0.92. The business’s 50 day moving average is $48.73 and its two-hundred day moving average is $52.69. 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.

Adtalem Global Education (NYSE:ATGE) last issued 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. The company had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. Adtalem Global Education’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. Analysts expect that Adtalem Global Education Inc. will post 4.63 EPS for the current fiscal 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.