Trust Investment Advisors Takes $205,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Trust Investment Advisors purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,470 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Adtalem Global Education by 65.2% during the third quarter. Royal Bank of Canada now owns 727 shares of the company’s stock valued at $27,000 after purchasing an additional 287 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in Adtalem Global Education by 336.1% during the third 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. Lazard Asset Management LLC bought a new stake in Adtalem Global Education during the second quarter valued at about $35,000. US Bancorp DE boosted its position in Adtalem Global Education by 76.7% during the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Adtalem Global Education during the third quarter valued at about $56,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ATGE shares. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Barrington Research raised their price objective on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $56.67.

Adtalem Global Education Stock Up 0.3 %

NYSE ATGE traded up $0.15 during trading on Thursday, hitting $46.14. The company’s stock had a trading volume of 249,805 shares, compared to its average volume of 532,380. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1.81 billion, a PE ratio of 16.85, a P/E/G ratio of 0.66 and a beta of 0.92. The business’s 50 day simple moving average is $49.01 and its 200-day simple moving average is $52.53. Adtalem Global Education Inc. has a fifty-two week low of $33.59 and a fifty-two week high of $62.99.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.23. The business had revenue of $393.24 million during the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 4.64 EPS for the current fiscal year.

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.