Yousif Capital Management LLC Lowers Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Yousif Capital Management LLC lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,851 shares of the company’s stock after selling 1,898 shares during the period. Yousif Capital Management LLC owned about 0.05% of Adtalem Global Education worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Adtalem Global Education in the third quarter valued at approximately $56,000. Blue Trust Inc. increased its holdings in Adtalem Global Education by 41.4% in the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock worth $61,000 after acquiring an additional 305 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Adtalem Global Education by 19.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock worth $75,000 after acquiring an additional 210 shares in the last quarter. Center for Financial Planning Inc. raised its position in Adtalem Global Education by 50.3% during the fourth quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock worth $113,000 after acquiring an additional 639 shares during the period. Finally, First Trust Direct Indexing L.P. purchased a new position in Adtalem Global Education during the third quarter valued at $201,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $60.08 on Friday. The firm’s 50-day moving average is $49.04 and its two-hundred day moving average is $52.80. Adtalem Global Education Inc. has a 12 month low of $33.59 and a 12 month 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. The company has a market capitalization of $2.35 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 0.73 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.36. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The company had revenue of $412.70 million during the quarter, compared to analysts’ expectations of $391.68 million. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts predict that Adtalem Global Education Inc. will post 4.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Barrington Research raised their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Robert W. Baird boosted their target price on Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday.

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.