Fintel reports that on August 11, 2023, Barrington Research reiterated coverage of Adtalem Global Education (NYSE:ATGE) with a Outperform recommendation.
Analyst Price Forecast Suggests 5.23% Upside
As of August 2, 2023, the average one-year price target for Adtalem Global Education is 46.24. The forecasts range from a low of 44.44 to a high of $50.40. The average price target represents an increase of 5.23% from its latest reported closing price of 43.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Adtalem Global Education is 1,493MM, an increase of 2.91%. The projected annual non-GAAP EPS is 4.41.
What is the Fund Sentiment?
There are 483 funds or institutions reporting positions in Adtalem Global Education. This is a decrease of 29 owner(s) or 5.66% in the last quarter. Average portfolio weight of all funds dedicated to ATGE is 0.20%, a decrease of 2.27%. Total shares owned by institutions decreased in the last three months by 1.82% to 52,859K shares. 
The put/call ratio of ATGE is 6.14, indicating a bearish outlook.
What are Other Shareholders Doing?
Ariel Investments holds 3,811K shares representing 8.74% ownership of the company. In it's prior filing, the firm reported owning 3,810K shares, representing an increase of 0.03%. The firm increased its portfolio allocation in ATGE by 2.99% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,315K shares representing 7.60% ownership of the company. In it's prior filing, the firm reported owning 3,380K shares, representing a decrease of 1.95%. The firm increased its portfolio allocation in ATGE by 3.68% over the last quarter.
ARGFX - Ariel Fund Investor Class holds 2,484K shares representing 5.70% ownership of the company. No change in the last quarter.
Invesco holds 1,428K shares representing 3.27% ownership of the company. In it's prior filing, the firm reported owning 1,466K shares, representing a decrease of 2.66%. The firm decreased its portfolio allocation in ATGE by 90.66% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,343K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,294K shares, representing an increase of 3.61%. The firm increased its portfolio allocation in ATGE by 4.21% over the last quarter.
Adtalem Global Education Background Information
(This description is provided by the company.)
Adtalem Global Education Inc. is a leading global education provider and the parent organization of American University of the Caribbean School of Medicine, Association of Certified Anti-Money Laundering Specialists, Becker Professional Education, Chamberlain University, EduPristine, Ross University School of Medicine and Ross University School of Veterinary Medicine.
Additional reading:
- Adtalem Global Education Announces Fiscal Fourth Quarter and Full Year 2023 Results
- Notices to the Executive:
- Subsidiary Name
- DESCRIPTION OF CAPITAL STOCK
- AMENDMENT NO. 1 TO CREDIT AGREEMENT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
