Phocas Financial Corp. Makes New Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Phocas Financial Corp. bought a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 123,917 shares of the company's stock, valued at approximately $7,305,000. Phocas Financial Corp. owned 0.31% of Adtalem Global Education at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Adtalem Global Education by 65.2% during the third quarter. Royal Bank of Canada now owns 727 shares of the company's stock valued at $27,000 after purchasing an additional 287 shares during the period. Ronald Blue Trust Inc. increased its holdings in shares of Adtalem Global Education by 336.1% during the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company's stock valued at $32,000 after purchasing an additional 568 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Adtalem Global Education during the second quarter valued at $35,000. US Bancorp DE increased its holdings in shares of Adtalem Global Education by 76.7% during the first quarter. US Bancorp DE now owns 1,786 shares of the company's stock valued at $53,000 after purchasing an additional 775 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Adtalem Global Education during the third quarter valued at $56,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

NYSE:ATGE traded down $0.90 during mid-day trading on Friday, reaching $46.26. 343,670 shares of the stock were exchanged, compared to its average volume of 370,616. The business has a fifty day moving average price of $49.20 and a 200 day moving average price of $52.54. The firm has a market capitalization of $1.81 billion, a PE ratio of 16.95, a PEG ratio of 0.67 and a beta of 0.92. Adtalem Global Education Inc. has a 1-year low of $33.59 and a 1-year high of $62.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.23. The firm had revenue of $393.24 million for the quarter, compared to analyst estimates of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. Adtalem Global Education's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. Research analysts expect that Adtalem Global Education Inc. will post 4.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATGE has been the topic of a number of research analyst reports. Barrington Research raised their price target on Adtalem Global Education from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, January 19th. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target 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.