Atria Wealth Solutions Inc. Purchases New Shares in Adtalem Global Education Inc. (NYSE:ATGE)

Atria Wealth Solutions Inc. acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,484 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in shares of Adtalem Global Education by 65.2% in the 4th quarter. New York State Common Retirement Fund now owns 30,498 shares of the company’s stock worth $1,798,000 after buying an additional 12,042 shares during the last quarter. Trust Investment Advisors bought a new position in Adtalem Global Education in the 4th quarter valued at $205,000. Daiwa Securities Group Inc. increased its position in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Adtalem Global Education by 29.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,318 shares of the company’s stock worth $726,000 after purchasing an additional 2,816 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Adtalem Global Education by 116.2% in the 4th quarter. Strs Ohio now owns 16,000 shares of the company’s stock worth $943,000 after buying an additional 8,600 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Barrington Research lifted their price target on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Robert W. Baird increased their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

Adtalem Global Education Price Performance

NYSE ATGE opened at $64.50 on Thursday. The company has a market cap of $2.43 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $50.25 and its two-hundred day simple moving average is $53.37. Adtalem Global Education Inc. has a 52 week low of $33.59 and a 52 week high of $65.00.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The company had revenue of $412.70 million for the quarter, compared to analysts’ expectations of $391.68 million. During the same period in the prior year, the company posted $1.13 EPS. Adtalem Global Education’s revenue was up 11.8% compared to the same quarter last year. Research analysts predict that Adtalem Global Education Inc. will post 4.9 earnings per share for the current 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.