Wedge Capital Management L L P NC Has $5.93 Million Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Wedge Capital Management L L P NC lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 25.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 58,921 shares of the company's stock after selling 19,756 shares during the period. Wedge Capital Management L L P NC owned 0.16% of Adtalem Global Education worth $5,930,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in Adtalem Global Education in the 1st quarter valued at approximately $31,000. Summit Global Investments grew its stake in shares of Adtalem Global Education by 33.2% in the first quarter. Summit Global Investments now owns 12,551 shares of the company's stock worth $1,263,000 after purchasing an additional 3,128 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Adtalem Global Education by 11,723.8% during the first quarter. GAMMA Investing LLC now owns 173,101 shares of the company's stock valued at $17,421,000 after purchasing an additional 171,637 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Adtalem Global Education during the fourth quarter valued at about $3,532,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Adtalem Global Education by 23.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,782 shares of the company's stock valued at $8,066,000 after purchasing an additional 17,069 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barrington Research raised their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Wall Street Zen lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets upped their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group began coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target for the company.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the sale, the director now directly owns 9,368 shares of the company's stock, valued at approximately $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Price Performance

NYSE ATGE traded down $0.50 on Thursday, reaching $119.54. The company's stock had a trading volume of 457,620 shares, compared to its average volume of 458,106. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $140.12. 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's 50 day moving average is $117.39 and its two-hundred day moving average is $104.02. The stock has a market cap of $4.45 billion, a PE ratio of 22.26, a PEG ratio of 1.05 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The business's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 earnings per share. As a group, sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.