Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 29.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,318 shares of the company’s stock after purchasing an additional 2,816 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Adtalem Global Education were worth $726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Phocas Financial Corp. purchased a new position in Adtalem Global Education in the 4th quarter valued at approximately $7,305,000. Comerica Bank raised 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 valued at $5,246,000 after acquiring an additional 104,431 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in 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 valued at $2,994,000 after purchasing an additional 47,771 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Adtalem Global Education during the 3rd quarter worth $653,000. Finally, Deutsche Bank AG increased its holdings in Adtalem Global Education by 11.9% during the 3rd quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock worth $1,182,000 after purchasing an additional 2,936 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Up 0.5 %

Shares of NYSE ATGE opened at $49.92 on Tuesday. The business has a 50-day moving average of $48.75 and a two-hundred day moving average of $52.78. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 0.72 and a beta of 0.92. Adtalem Global Education Inc. has a 1 year low of $33.59 and a 1 year high of $62.99. 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 (NYSE:ATGE) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $372.79 million. During the same period in the previous year, the company earned $1.17 earnings per share. Adtalem Global Education’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts forecast that Adtalem Global Education Inc. will post 4.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports 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 reiterated an “outperform” rating and issued a $65.00 price target on shares of Adtalem Global Education in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Adtalem Global Education presently has an average 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.