Hotchkis & Wiley Capital Management LLC Has $6.34 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Hotchkis & Wiley Capital Management LLC lowered its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 54.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,040 shares of the company's stock after selling 100,610 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.22% of Adtalem Global Education worth $6,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATGE. Glenmede Trust Co. NA raised its position in shares of Adtalem Global Education by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock valued at $994,000 after buying an additional 192 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Adtalem Global Education by 1.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company's stock worth $1,343,000 after acquiring an additional 233 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Adtalem Global Education by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company's stock valued at $1,443,000 after purchasing an additional 283 shares during the period. Meeder Asset Management Inc. acquired a new position in Adtalem Global Education during the third quarter worth approximately $27,000. Finally, GAMMA Investing LLC raised its stake in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after purchasing an additional 433 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Stock Performance

Shares of NYSE:ATGE traded down $0.49 during trading on Friday, hitting $91.20. 361,152 shares of the company were exchanged, compared to its average volume of 459,904. The stock has a 50 day moving average of $81.41 and a 200 day moving average of $74.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $3.42 billion, a PE ratio of 20.71, a P/E/G ratio of 1.03 and a beta of 0.96. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ATGE. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Barrington Research boosted their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective 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.

Insider Buying and Selling at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the business's stock in a transaction dated 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 $1,053,857.01. The trade was a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lisa W. Wardell sold 7,292 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares of the company's stock, valued at approximately $7,576,628.50. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Company 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.