Illinois Municipal Retirement Fund Sells 1,355 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Illinois Municipal Retirement Fund lowered its position in Adtalem Global Education Inc. (NYSE:ATGE) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,382 shares of the company’s stock after selling 1,355 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Adtalem Global Education worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ATGE. Wellington Management Group LLP lifted its position in shares of Adtalem Global Education by 396.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock worth $43,668,000 after acquiring an additional 813,849 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Adtalem Global Education by 26.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company’s stock worth $51,954,000 after buying an additional 257,182 shares in the last quarter. Phocas Financial Corp. acquired a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $7,305,000. Comerica Bank raised its holdings in shares of Adtalem Global Education by 580.3% in the 3rd quarter. Comerica Bank now owns 122,427 shares of the company’s stock worth $5,246,000 after buying an additional 104,431 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Adtalem Global Education by 1,584.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,786 shares of the company’s stock worth $2,994,000 after buying an additional 47,771 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ATGE shares. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Barrington Research reissued an “outperform” rating and issued a $65.00 target price on shares of Adtalem Global Education in a report on Tuesday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Adtalem Global Education currently has a consensus rating of “Buy” and an average target price of $56.67.

Adtalem Global Education Trading Up 4.4 %

ATGE stock opened at $49.72 on Friday. The business has a fifty day moving average price of $48.69 and a 200 day moving average price of $52.65. Adtalem Global Education Inc. has a fifty-two week low of $33.59 and a fifty-two week high of $62.99. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 0.69 and a beta of 0.92. 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 released its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share 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 firm had revenue of $393.24 million during the quarter, compared to analysts’ expectations of $372.79 million. During the same period last year, the firm posted $1.17 EPS. The business’s revenue was up 8.4% on a year-over-year basis. 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.