Trust Investment Advisors Invests $205,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Trust Investment Advisors acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,470 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also recently made changes to their positions in ATGE. Goldman Sachs Group Inc. boosted its position in shares of Adtalem Global Education by 1,102.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 922,481 shares of the company’s stock valued at $33,182,000 after purchasing an additional 845,743 shares during the period. Wellington Management Group LLP lifted its position in Adtalem Global Education by 396.5% during 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. Ariel Investments LLC lifted its position in Adtalem Global Education by 12.2% during the 1st quarter. Ariel Investments LLC now owns 5,641,162 shares of the company’s stock worth $167,599,000 after acquiring an additional 611,402 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Adtalem Global Education during the 4th quarter worth approximately $19,451,000. Finally, Norges Bank acquired a new stake in Adtalem Global Education during the 4th quarter worth approximately $12,885,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATGE has been the subject of a number of recent research reports. Barrington Research increased their price objective on Adtalem Global Education from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $56.67.

Adtalem Global Education Price Performance

Adtalem Global Education stock traded up $0.15 during mid-day trading on Thursday, hitting $46.14. 249,805 shares of the company were exchanged, compared to its average volume of 532,380. 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 business’s 50 day simple moving average is $49.01 and its two-hundred day simple moving average is $52.53. The company has a market capitalization of $1.81 billion, a P/E ratio of 16.85, a PEG ratio of 0.66 and a beta of 0.92. Adtalem Global Education Inc. has a 12-month low of $33.59 and a 12-month high of $62.99.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $393.24 million for the quarter, compared to analysts’ expectations of $372.79 million. During the same quarter last year, the firm earned $1.17 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Analysts forecast that Adtalem Global Education Inc. will post 4.64 earnings per share for the current fiscal year.

About Adtalem Global Education

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.