Wells Fargo & Company MN Purchases 11,123 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Wells Fargo & Company MN boosted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,846 shares of the company's stock after purchasing an additional 11,123 shares during the period. Wells Fargo & Company MN owned about 0.18% of Adtalem Global Education worth $6,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATGE. Integrated Quantitative Investments LLC purchased a new stake in shares of Adtalem Global Education during the fourth quarter valued at $1,366,000. ExodusPoint Capital Management LP bought a new position in Adtalem Global Education in the 4th quarter worth about $6,863,000. Bryce Point Capital LLC purchased a new position in shares of Adtalem Global Education during the fourth quarter worth approximately $572,000. Trexquant Investment LP raised its stake in shares of Adtalem Global Education by 68.8% during the fourth quarter. Trexquant Investment LP now owns 86,738 shares of the company's stock valued at $7,880,000 after acquiring an additional 35,360 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Adtalem Global Education by 2.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 37,635 shares of the company's stock valued at $3,419,000 after purchasing an additional 836 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barrington Research restated an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a research note on Tuesday, April 15th. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd.

Insider Activity at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock valued at $1,386,048 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

ATGE stock opened at $106.04 on Friday. Adtalem Global Education Inc. has a one year low of $46.18 and a one year high of $112.44. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50-day simple moving average of $100.78 and a two-hundred day simple moving average of $93.11.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, equities analysts forecast that Adtalem Global Education Inc. will post 6.2 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.

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