Cramer Rosenthal Mcglynn LLC purchased a new stake in 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. The firm purchased 465,630 shares of the company’s stock, valued at approximately $19,580,000. Cramer Rosenthal Mcglynn LLC owned 0.77% of Adtalem Global Education at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Adtalem Global Education by 11.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,347,206 shares of the company’s stock valued at $84,147,000 after acquiring an additional 248,335 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Adtalem Global Education during the 4th quarter valued at $45,234,000. Rothschild Asset Management Inc. lifted its stake in Adtalem Global Education by 4.9% during the 3rd quarter. Rothschild Asset Management Inc. now owns 913,424 shares of the company’s stock valued at $32,746,000 after acquiring an additional 42,293 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Adtalem Global Education by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 780,590 shares of the company’s stock valued at $27,983,000 after acquiring an additional 12,120 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Adtalem Global Education by 2.2% during the 4th quarter. Victory Capital Management Inc. now owns 745,408 shares of the company’s stock valued at $31,345,000 after acquiring an additional 15,861 shares in the last quarter.
Several brokerages have weighed in on ATGE. ValuEngine upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Robert W. Baird raised their price objective on Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. BMO Capital Markets dropped their price objective on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $59.00 price objective on shares of Adtalem Global Education in a research note on Monday, December 4th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Adtalem Global Education has an average rating of “Buy” and an average target price of $50.33.
Adtalem Global Education Inc (ATGE) opened at $49.50 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.58 and a current ratio of 1.58. Adtalem Global Education Inc has a 52 week low of $30.15 and a 52 week high of $50.00. The firm has a market capitalization of $2,998.78, a price-to-earnings ratio of 309.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.
Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, February 6th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $435.56 million. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. equities research analysts anticipate that Adtalem Global Education Inc will post 2.77 earnings per share for the current year.
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About Adtalem Global Education
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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