19,900 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,900 shares of the company’s stock, valued at approximately $1,173,000.

Several other hedge funds also recently bought and sold shares of ATGE. Ronald Blue Trust Inc. increased 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 worth $32,000 after buying an additional 568 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Adtalem Global Education during the third quarter worth $56,000. Blue Trust Inc. increased its position in Adtalem Global Education by 41.4% during the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock worth $61,000 after buying an additional 305 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Adtalem Global Education during the third quarter worth $201,000. Finally, Hudson Portfolio Management LLC purchased a new position in Adtalem Global Education during the third quarter worth $211,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $46.86 on Tuesday. The company has a market cap of $1.84 billion, a P/E ratio of 17.16, a P/E/G ratio of 0.67 and a beta of 0.92. 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 52 week low of $33.59 and a 52 week high of $62.99. The business has a fifty day simple moving average of $48.78 and a 200-day simple moving average of $52.66.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, beating 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 business had revenue of $393.24 million during the quarter, compared to the consensus estimate of $372.79 million. During the same quarter in the previous year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts forecast that Adtalem Global Education Inc. will post 4.63 EPS for the current year.

Wall Street Analysts Forecast Growth

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