Maryland State Retirement & Pension System Sells 827 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Maryland State Retirement & Pension System trimmed its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,475 shares of the company’s stock after selling 827 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Adtalem Global Education were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ATGE. Wellington Management Group LLP increased its stake in 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 worth $43,668,000 after buying an additional 813,849 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Adtalem Global Education by 26.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock worth $51,954,000 after purchasing an additional 257,182 shares in the last quarter. Phocas Financial Corp. bought a new stake in Adtalem Global Education during the 4th quarter valued at approximately $7,305,000. Comerica Bank boosted its stake in Adtalem Global Education by 580.3% in the 3rd 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 period. Finally, Allspring Global Investments Holdings LLC boosted its stake in 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 worth $2,994,000 after purchasing an additional 47,771 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Trading Down 0.8 %

Shares of NYSE ATGE opened at $64.01 on Friday. Adtalem Global Education Inc. has a twelve month low of $33.59 and a twelve month high of $65.00. The firm has a market cap of $2.41 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The business has a fifty day simple moving average of $50.54 and a two-hundred day simple moving average of $53.44. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.

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

Wall Street Analyst Weigh In

ATGE has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Barrington Research boosted 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.

Adtalem Global Education Company 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.