311,135 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 311,135 shares of the company's stock, valued at approximately $18,341,000. TimesSquare Capital Management LLC owned 0.79% of Adtalem Global Education as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Adtalem Global Education in the 3rd quarter valued at $56,000. Blue Trust Inc. boosted its position in shares of Adtalem Global Education by 41.4% during the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company's stock worth $61,000 after purchasing an additional 305 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Adtalem Global Education by 19.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company's stock worth $75,000 after purchasing an additional 210 shares in the last quarter. Center for Financial Planning Inc. boosted its position in shares of Adtalem Global Education by 50.3% during the 4th quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company's stock worth $113,000 after purchasing an additional 639 shares in the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of Adtalem Global Education during the 3rd quarter worth $201,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ATGE shares. Barrington Research boosted their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Robert W. Baird boosted their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Finally, StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 7th.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock traded up $0.83 on Friday, hitting $64.83. The company's stock had a trading volume of 316,069 shares, compared to its average volume of 523,218. Adtalem Global Education Inc. has a 52-week low of $33.59 and a 52-week high of $65.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $50.54 and a 200-day moving average price of $53.44. The company has a market capitalization of $2.44 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.34. The company had revenue of $412.70 million for the quarter, compared to analyst estimates of $391.68 million. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. On average, equities research analysts expect that Adtalem Global Education Inc. will post 4.9 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.