Wedge Capital Management L L P NC Decreases Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Wedge Capital Management L L P NC decreased its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,677 shares of the company’s stock after selling 7,082 shares during the quarter. Wedge Capital Management L L P NC owned 0.21% of Adtalem Global Education worth $7,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Algert Global LLC lifted its holdings in Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after purchasing an additional 28,698 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Adtalem Global Education in the third quarter worth approximately $2,314,000. State Street Corp increased its stake in Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares during the period. Barclays PLC boosted its holdings in shares of Adtalem Global Education by 12.1% in the third quarter. Barclays PLC now owns 66,669 shares of the company’s stock valued at $5,031,000 after purchasing an additional 7,172 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Adtalem Global Education during the 2nd quarter worth $670,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $98.27 on Friday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 year high of $99.17. The company’s 50 day simple moving average is $90.97 and its 200-day simple moving average is $80.37.

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

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the firm’s 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 sale, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

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

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.