New York State Common Retirement Fund Buys 12,042 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

New York State Common Retirement Fund increased its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 65.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,498 shares of the company’s stock after acquiring an additional 12,042 shares during the period. New York State Common Retirement Fund owned about 0.08% of Adtalem Global Education worth $1,798,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Phocas Financial Corp. bought a new stake in shares of Adtalem Global Education in the fourth quarter valued at about $7,305,000. Comerica Bank boosted its position in 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 during the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 in the third quarter valued at approximately $653,000. Finally, Deutsche Bank AG lifted its position in shares of Adtalem Global Education by 11.9% in the third quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock worth $1,182,000 after purchasing an additional 2,936 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ATGE. Robert W. Baird lifted their price target on shares of Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Barrington Research increased their price target on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd.

Adtalem Global Education Stock Up 2.3 %

Adtalem Global Education stock opened at $64.50 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76. The company’s 50-day moving average is $50.25 and its 200-day moving average is $53.37. The firm has a market capitalization of $2.43 billion, a PE ratio of 24.25, a P/E/G ratio of 0.82 and a beta of 0.92. Adtalem Global Education Inc. has a fifty-two week low of $33.59 and a fifty-two 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.34. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The firm had revenue of $412.70 million for the quarter, compared to the consensus estimate of $391.68 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts anticipate 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.