Adtalem Global Education Inc. (NYSE:ATGE) Stock Position Lowered by Jennison Associates LLC

Jennison Associates LLC lessened its position in Adtalem Global Education Inc. (NYSE:ATGE) by 31.9% in the 4th quarter, Holdings Channel reports. The fund owned 11,735 shares of the company’s stock after selling 5,495 shares during the period. Jennison Associates LLC’s holdings in Adtalem Global Education were worth $692,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Trust Investment Advisors purchased a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $205,000. Daiwa Securities Group Inc. lifted its position in shares of Adtalem Global Education by 19.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after acquiring an additional 210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Adtalem Global Education by 29.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,318 shares of the company’s stock valued at $726,000 after acquiring an additional 2,816 shares in the last quarter. Strs Ohio lifted its position in shares of Adtalem Global Education by 116.2% in the 4th quarter. Strs Ohio now owns 16,000 shares of the company’s stock valued at $943,000 after acquiring an additional 8,600 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $7,305,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Barrington Research reiterated an “outperform” rating and issued a $65.00 price objective on shares of Adtalem Global Education in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Adtalem Global Education presently has a consensus rating of “Buy” and a consensus price target of $56.67.

Adtalem Global Education Stock Up 4.3 %

Adtalem Global Education stock opened at $49.68 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of 18.20, a P/E/G ratio of 0.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $48.69 and its two-hundred day moving average price is $52.70. 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 released its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $393.24 million for the quarter, compared to analyst estimates of $372.79 million. During the same quarter in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, research analysts predict that Adtalem Global Education Inc. will post 4.63 EPS for the current fiscal year.

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.