Wedge Capital Management L L P NC Has $10.87 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Wedge Capital Management L L P NC reduced its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,468 shares of the company’s stock after selling 69,829 shares during the quarter. Wedge Capital Management L L P NC owned 0.46% of Adtalem Global Education worth $10,874,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. increased its stake in shares of Adtalem Global Education by 336.1% in the third quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after buying an additional 568 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Adtalem Global Education in the third quarter valued at $56,000. Blue Trust Inc. increased its stake in shares of Adtalem Global Education by 41.4% in the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after buying an additional 305 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Adtalem Global Education by 19.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after buying an additional 210 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its holdings in Adtalem Global Education by 50.3% in the fourth quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock valued at $113,000 after acquiring an additional 639 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barrington Research raised their price target on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 19th. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $56.67.

Adtalem Global Education Trading Down 0.3 %

ATGE traded down $0.15 during midday trading on Tuesday, reaching $46.69. 17,238 shares of the company were exchanged, compared to its average volume of 519,171. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Adtalem Global Education Inc. has a one year low of $33.59 and a one year high of $62.99. The stock has a market capitalization of $1.83 billion, a P/E ratio of 17.16, a PEG ratio of 0.67 and a beta of 0.92. The stock’s 50-day simple moving average is $48.78 and its 200 day simple moving average is $52.66.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The business had revenue of $393.24 million for the quarter, compared to analysts’ expectations of $372.79 million. During the same quarter in the previous year, the business posted $1.17 EPS. Adtalem Global Education’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts forecast that Adtalem Global Education Inc. will post 4.63 earnings per share for the current fiscal year.

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.