Barrington Research Reiterates Adtalem Global Education

Fintel reports that on August 11, 2023, Barrington Research reiterated coverage of Adtalem Global Education (NYSE:ATGE) with a Outperform recommendation.

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.

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. 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. 

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.