Watershed Asset Management L.L.C. Reduces Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Watershed Asset Management L.L.C. reduced its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,865 shares of the company’s stock after selling 1,326 shares during the period. Watershed Asset Management L.L.C.’s holdings in Adtalem Global Education were worth $287,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its stake in Adtalem Global Education by 19.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after purchasing an additional 210 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of Adtalem Global Education by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 9,728 shares of the company’s stock valued at $417,000 after acquiring an additional 262 shares during the period. Blue Trust Inc. boosted its holdings in shares of Adtalem Global Education by 41.4% in the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after acquiring an additional 305 shares during the period. Ronald Blue Trust Inc. boosted its holdings in shares of Adtalem Global Education by 336.1% in the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after acquiring an additional 568 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Adtalem Global Education by 0.9% in the third quarter. UBS Group AG now owns 64,176 shares of the company’s stock valued at $2,750,000 after acquiring an additional 574 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE traded up $0.19 during mid-day trading on Tuesday, hitting $47.03. 261,122 shares of the company were exchanged, compared to its average volume of 522,469. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $48.73 and a 200-day simple moving average of $52.69. Adtalem Global Education Inc. has a 1-year low of $33.59 and a 1-year high of $62.99. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share 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 firm had revenue of $393.24 million during the quarter, compared to the consensus estimate of $372.79 million. During the same period last year, the company earned $1.17 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $65.00 price objective on shares of Adtalem Global Education in a report on Tuesday. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Adtalem Global Education has a consensus rating of “Buy” and a consensus target price of $56.67.

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.