Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by AM Investment Strategies LLC

AM Investment Strategies LLC decreased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,761 shares of the company’s stock after selling 1,009 shares during the quarter. Adtalem Global Education accounts for approximately 1.6% of AM Investment Strategies LLC’s portfolio, making the stock its 11th largest holding. AM Investment Strategies LLC’s holdings in Adtalem Global Education were worth $5,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ronald Blue Trust Inc. lifted its holdings in Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after purchasing an additional 568 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Adtalem Global Education in the 3rd quarter valued at about $238,000. SG Americas Securities LLC acquired a new position in Adtalem Global Education in the 3rd quarter valued at about $1,288,000. Clear Creek Financial Management LLC grew its position in Adtalem Global Education by 2.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 9,728 shares of the company’s stock valued at $417,000 after acquiring an additional 262 shares in the last quarter. Finally, Raymond James & Associates grew its position in Adtalem Global Education by 108.2% in the 3rd quarter. Raymond James & Associates now owns 28,350 shares of the company’s stock valued at $1,215,000 after acquiring an additional 14,735 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

ATGE stock traded up $0.42 on Thursday, reaching $47.63. 340,548 shares of the company’s stock were exchanged, compared to its average volume of 517,918. The stock has a fifty day moving average of $48.64 and a 200-day moving average of $52.61. Adtalem Global Education Inc. has a twelve month low of $33.59 and a twelve month high of $62.99. The firm has a market cap of $1.87 billion, a PE ratio of 17.45, a P/E/G ratio of 0.68 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 posted its earnings results 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. The company had revenue of $393.24 million for the quarter, compared to analyst estimates of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. Adtalem Global Education’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. As a group, equities analysts predict that Adtalem Global Education Inc. will post 4.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $65.00 target price on shares of Adtalem Global Education in a research note on Tuesday. StockNews.com cut 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, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $56.67.

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.