Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in Adtalem Global Education Inc. (NYSE:ATGE) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,677 shares of the company’s stock after selling 7,082 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Adtalem Global Education were worth $7,148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ATGE. USA Financial Formulas acquired a new position in Adtalem Global Education in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education during the third quarter worth $27,000. Quarry LP purchased a new position in Adtalem Global Education in the 2nd quarter valued at $43,000. GAMMA Investing LLC increased its stake in Adtalem Global Education by 60.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after buying an additional 483 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Adtalem Global Education during the 3rd quarter worth $123,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets increased their target price on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barrington Research lifted their price target on Adtalem Global Education from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Up 1.0 %

ATGE opened at $98.27 on Friday. The business’s fifty day simple moving average is $90.97 and its 200 day simple moving average is $80.37. Adtalem Global Education Inc. has a 52 week low of $43.78 and a 52 week high of $99.17. The firm has a market cap of $3.68 billion, a P/E ratio of 22.49, a PEG ratio of 1.04 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. As a group, equities research analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

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.