Adtalem Global Education Inc. (NYSE:ATGE) is Kestrel Investment Management Corp’s Largest Position

Kestrel Investment Management Corp trimmed its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,000 shares of the company’s stock after selling 26,600 shares during the period. Adtalem Global Education comprises 5.5% of Kestrel Investment Management Corp’s investment portfolio, making the stock its biggest holding. Kestrel Investment Management Corp owned approximately 0.34% of Adtalem Global Education worth $8,076,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ATGE. Phocas Financial Corp. purchased a new position in Adtalem Global Education in the 4th quarter valued at approximately $7,305,000. Comerica Bank increased its stake in Adtalem Global Education by 580.3% in the 3rd quarter. Comerica Bank now owns 122,427 shares of the company’s stock valued at $5,246,000 after purchasing an additional 104,431 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Adtalem Global Education in the 3rd quarter valued at approximately $653,000. Deutsche Bank AG increased its stake in Adtalem Global Education by 11.9% in the 3rd quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in Adtalem Global Education in the 3rd quarter valued at approximately $1,060,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

Adtalem Global Education stock traded up $0.18 during mid-day trading on Friday, hitting $46.32. 318,135 shares of the company were exchanged, compared to its average volume of 529,561. 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 $48.87 and its two-hundred day simple moving average is $52.51. The company has a market capitalization of $1.82 billion, a P/E ratio of 16.97, 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 4.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barrington Research raised their price objective on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $56.67.

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.