Cerity Partners LLC Takes $266,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Cerity Partners LLC bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,512 shares of the company’s stock, valued at approximately $266,000.

Several other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Adtalem Global Education by 1,584.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,786 shares of the company’s stock valued at $2,994,000 after buying an additional 47,771 shares during the period. Clear Creek Financial Management LLC boosted its stake in Adtalem Global Education by 61.1% during the 4th quarter. Clear Creek Financial Management LLC now owns 15,676 shares of the company’s stock valued at $924,000 after purchasing an additional 5,948 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in Adtalem Global Education during the 4th quarter valued at about $328,000. Blue Trust Inc. boosted its stake in Adtalem Global Education by 41.4% during the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after purchasing an additional 305 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Adtalem Global Education by 197.3% during the 4th quarter. Ritholtz Wealth Management now owns 16,490 shares of the company’s stock valued at $972,000 after purchasing an additional 10,943 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $49.68 on Monday. Adtalem Global Education Inc. has a twelve month low of $33.59 and a twelve month high of $62.99. The stock’s 50 day moving average price is $48.69 and its 200-day moving average price is $52.75. The company has a market capitalization of $1.95 billion, a PE ratio of 18.20, a PEG ratio of 0.72 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results 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. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The firm had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 4.63 EPS for the current year.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of analyst reports. Barrington Research reiterated an “outperform” rating and set a $65.00 price target on shares of Adtalem Global Education in a research note on Tuesday, April 23rd. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $56.67.

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.