Wedge Capital Management L L P NC Sells 7,082 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Wedge Capital Management L L P NC decreased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. 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 owned approximately 0.21% of Adtalem Global Education worth $7,148,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after purchasing an additional 23,464 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company's stock worth $90,725,000 after buying an additional 1,328,462 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock valued at $75,049,000 after acquiring an additional 6,842 shares during the period. Renaissance Technologies LLC boosted its position in shares of Adtalem Global Education by 34.3% in the second quarter. Renaissance Technologies LLC now owns 186,800 shares of the company's stock valued at $12,742,000 after acquiring an additional 47,700 shares during the period. Finally, Algert Global LLC grew its stake in Adtalem Global Education by 30.6% during the second quarter. Algert Global LLC now owns 122,511 shares of the company's stock valued at $8,356,000 after acquiring an additional 28,698 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Activity at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now directly owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Adtalem Global Education Trading Up 1.0 %

Adtalem Global Education stock traded up $0.93 during mid-day trading on Friday, reaching $98.27. 225,066 shares of the company traded hands, compared to its average volume of 390,333. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $99.17. The firm's 50 day moving average price is $90.97 and its 200 day moving average price is $80.45. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating 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 analysts' expectations of $397.48 million. During the same quarter in the previous year, the business posted $0.93 EPS. The company's quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BMO Capital Markets upped 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. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Barrington Research raised their target price on shares of Adtalem Global Education from $95.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday.

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.