Kestrel Investment Management Corp Sells 26,600 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Kestrel Investment Management Corp reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,000 shares of the company’s stock after selling 26,600 shares during the quarter. Adtalem Global Education accounts for 5.5% of Kestrel Investment Management Corp’s investment portfolio, making the stock its biggest holding. Kestrel Investment Management Corp’s holdings in Adtalem Global Education were worth $8,076,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Trust Investment Advisors acquired a new stake in Adtalem Global Education during the 4th quarter valued at $205,000. Daiwa Securities Group Inc. raised its stake in Adtalem Global Education by 19.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after purchasing an additional 210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Adtalem Global Education by 29.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,318 shares of the company’s stock worth $726,000 after acquiring an additional 2,816 shares during the last quarter. Strs Ohio increased its stake in shares of Adtalem Global Education by 116.2% in the fourth quarter. Strs Ohio now owns 16,000 shares of the company’s stock worth $943,000 after acquiring an additional 8,600 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new position in shares of Adtalem Global Education in the fourth quarter worth $7,305,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATGE has been the topic of a number of research reports. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Barrington Research upped their price target on shares of Adtalem Global Education from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $56.67.

Adtalem Global Education Stock Up 0.4 %

NYSE:ATGE traded up $0.18 during trading hours on Friday, reaching $46.32. The company’s stock had a trading volume of 318,135 shares, compared to its average volume of 529,561. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92. Adtalem Global Education Inc. has a one year low of $33.59 and a one year high of $62.99. The business’s 50-day moving average is $48.87 and its 200-day moving average is $52.51. 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 issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $393.24 million during the quarter, compared to analysts’ expectations of $372.79 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. Adtalem Global Education’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. Equities research analysts predict that Adtalem Global Education Inc. will post 4.63 EPS for the current year.

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.