Atria Wealth Solutions Inc. Acquires New Shares in Adtalem Global Education Inc. (NYSE:ATGE)

Atria Wealth Solutions Inc. acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,484 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds have also bought and sold shares of the company. Phocas Financial Corp. purchased a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $7,305,000. Comerica Bank boosted its holdings in Adtalem Global Education by 580.3% in the third quarter. Comerica Bank now owns 122,427 shares of the company’s stock worth $5,246,000 after purchasing an additional 104,431 shares during 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 worth $2,994,000 after purchasing an additional 47,771 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Adtalem Global Education in the 3rd quarter worth approximately $653,000. Finally, Deutsche Bank AG raised its stake in Adtalem Global Education by 11.9% during the 3rd quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock valued at $1,182,000 after buying an additional 2,936 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 2.3 %

NYSE:ATGE opened at $64.50 on Thursday. Adtalem Global Education Inc. has a one year low of $33.59 and a one year high of $65.00. The business has a fifty day moving average price of $50.25 and a 200-day moving average price of $53.37. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.34. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The business had revenue of $412.70 million during the quarter, compared to analysts’ expectations of $391.68 million. During the same quarter in the prior year, the business posted $1.13 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Sell-side analysts forecast that Adtalem Global Education Inc. will post 4.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barrington Research raised their price target on Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird raised their target price on Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, 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.

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.