Watershed Asset Management L.L.C. Reduces Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Watershed Asset Management L.L.C. cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,865 shares of the company’s stock after selling 1,326 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in Adtalem Global Education were worth $287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ronald Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 568 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Adtalem Global Education by 41.4% in the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after acquiring an additional 305 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Adtalem Global Education by 19.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after acquiring an additional 210 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Adtalem Global Education in the 3rd quarter valued at approximately $56,000. Finally, Center for Financial Planning Inc. increased its holdings in shares of Adtalem Global Education by 50.3% in the 4th quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock valued at $113,000 after acquiring an additional 639 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Performance

ATGE stock traded up $0.19 during trading on Tuesday, reaching $47.03. 261,122 shares of the company’s stock were exchanged, compared to its average volume of 522,469. 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 Inc. has a 1-year low of $33.59 and a 1-year high of $62.99. The company’s fifty day moving average price is $48.73 and its 200-day moving average price is $52.69. The firm has a market cap of $1.84 billion, a PE ratio of 17.23, a P/E/G ratio of 0.67 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results 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. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The company had revenue of $393.24 million during the quarter, compared to analyst estimates of $372.79 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts expect that Adtalem Global Education Inc. will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ATGE shares. Barrington Research restated an “outperform” rating and set a $65.00 price objective on shares of Adtalem Global Education in a research note on Tuesday. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus 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.