Strs Ohio Buys 8,600 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Strs Ohio grew its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 116.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the company’s stock after acquiring an additional 8,600 shares during the period. Strs Ohio’s holdings in Adtalem Global Education were worth $943,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its stake in shares of Adtalem Global Education by 336.1% during the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after buying an additional 568 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in Adtalem Global Education in the third quarter worth about $56,000. Blue Trust Inc. grew its holdings in Adtalem Global Education by 41.4% during the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock worth $61,000 after acquiring an additional 305 shares in the last quarter. Center for Financial Planning Inc. increased its position in Adtalem Global Education by 50.3% during the 4th 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, First Trust Direct Indexing L.P. purchased a new position in Adtalem Global Education during the 3rd quarter valued at about $201,000. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $47.23 on Thursday. The company’s 50 day moving average is $48.68 and its 200 day moving average is $52.65. The company has a market cap of $1.85 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92. 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 twelve month low of $33.59 and a twelve month high of $62.99.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm 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%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 4.63 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ATGE shares. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Barrington Research reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Adtalem Global Education in a research report on Tuesday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Adtalem Global Education has an average rating of “Buy” and an average price target of $56.67.

Adtalem Global Education Company 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.