Daiwa Securities Group Inc. Buys 210 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Daiwa Securities Group Inc. raised its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 19.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,280 shares of the company’s stock after purchasing an additional 210 shares during the period. Daiwa Securities Group Inc.’s holdings in Adtalem Global Education were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Adtalem Global Education by 26.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock valued at $51,954,000 after acquiring an additional 257,182 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Adtalem Global Education by 396.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock valued at $43,668,000 after acquiring an additional 813,849 shares during the last quarter. Cambria Investment Management L.P. lifted its holdings in shares of Adtalem Global Education by 7.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 205,025 shares of the company’s stock valued at $8,785,000 after acquiring an additional 13,475 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Adtalem Global Education in the 4th quarter valued at about $7,305,000. Finally, Comerica Bank lifted its holdings in shares of Adtalem Global Education by 580.3% in the 3rd quarter. Comerica Bank now owns 122,427 shares of the company’s stock valued at $5,246,000 after acquiring an additional 104,431 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Adtalem Global Education in a report on Tuesday, April 23rd. StockNews.com lowered shares of 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 MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $56.67.

Adtalem Global Education Stock Performance

Adtalem Global Education stock opened at $49.68 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Adtalem Global Education Inc. has a 1-year low of $33.59 and a 1-year high of $62.99. The firm has a market capitalization of $1.95 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.69 and a beta of 0.92. The company’s 50-day moving average is $48.69 and its 200 day moving average is $52.70.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share 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 analyst estimates of $372.79 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 EPS. Research analysts forecast that Adtalem Global Education Inc. will post 4.63 EPS for the current 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.