Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 42.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 175,241 shares of the company's stock after selling 128,925 shares during the quarter. Peregrine Capital Management LLC owned 0.44% of Adtalem Global Education worth $10,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Comerica Bank boosted its stake in shares of Adtalem Global Education by 580.3% in the third quarter. Comerica Bank now owns 122,427 shares of the company's stock valued at $5,246,000 after buying an additional 104,431 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Adtalem Global Education in the third quarter valued at approximately $653,000. Deutsche Bank AG boosted its stake in shares of Adtalem Global Education by 11.9% in the third quarter. Deutsche Bank AG now owns 27,583 shares of the company's stock valued at $1,182,000 after buying an additional 2,936 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Adtalem Global Education in the third quarter valued at approximately $1,060,000. Finally, Cambria Investment Management L.P. boosted its stake in shares of Adtalem Global Education by 7.0% in the third quarter. Cambria Investment Management L.P. now owns 205,025 shares of the company's stock valued at $8,785,000 after buying an additional 13,475 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATGE shares. Barrington Research lifted their price target on Adtalem Global Education from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 7th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Adtalem Global Education has an average rating of "Buy" and a consensus price target of $56.67.

Adtalem Global Education Price Performance

ATGE traded down $1.13 during trading on Tuesday, reaching $48.46. 315,117 shares of the stock were exchanged, compared to its average volume of 547,324. The business's 50 day moving average price is $49.30 and its two-hundred day moving average price is $52.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 0.73 and a beta of 0.92. Adtalem Global Education Inc. has a 1 year low of $33.59 and a 1 year high of $62.99.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.23. The company had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. Adtalem Global Education's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. As a group, equities research analysts anticipate that Adtalem Global Education Inc. will post 4.64 earnings per share for the current 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.