AM Investment Strategies LLC Has $5.53 Million Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

AM Investment Strategies LLC lessened its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,761 shares of the company’s stock after selling 1,009 shares during the period. Adtalem Global Education comprises 1.6% of AM Investment Strategies LLC’s holdings, making the stock its 11th largest holding. AM Investment Strategies LLC owned 0.24% of Adtalem Global Education worth $5,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Phocas Financial Corp. acquired a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $7,305,000. Comerica Bank boosted its position in shares of Adtalem Global Education by 580.3% during the 3rd quarter. Comerica Bank now owns 122,427 shares of the company’s stock worth $5,246,000 after acquiring an additional 104,431 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Adtalem Global Education by 1,584.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,786 shares of the company’s stock worth $2,994,000 after acquiring an additional 47,771 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $653,000. Finally, Deutsche Bank AG lifted its stake in Adtalem Global Education by 11.9% in the 3rd quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 2,936 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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 reissued an “outperform” rating and set a $65.00 target price on shares of Adtalem Global Education in a research note on Tuesday. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $56.67.

Adtalem Global Education Stock Up 0.9 %

Shares of NYSE ATGE traded up $0.42 during mid-day trading on Thursday, reaching $47.63. 340,548 shares of the company’s stock traded hands, compared to its average volume of 517,918. The stock has a market cap of $1.87 billion, a P/E ratio of 17.45, a PEG ratio of 0.68 and a beta of 0.92. The business has a 50-day simple moving average of $48.64 and a 200 day simple moving average of $52.61. Adtalem Global Education Inc. has a 1-year low of $33.59 and a 1-year high of $62.99. 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, beating 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%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. On average, analysts expect that Adtalem Global Education Inc. will post 4.63 EPS for the current fiscal year.

Adtalem Global Education 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.