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

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

Several other hedge funds have also recently modified their holdings of ATGE. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education in the fourth quarter valued at $26,000. R Squared Ltd bought a new position in Adtalem Global Education in the 4th quarter worth about $70,000. Parkside Financial Bank & Trust grew its stake in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after acquiring an additional 776 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after acquiring an additional 634 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

Shares of ATGE traded up $0.34 during mid-day trading on Thursday, hitting $105.42. 34,725 shares of the company were exchanged, compared to its average volume of 438,903. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a 50 day moving average of $100.65 and a 200-day moving average of $93.57. Adtalem Global Education Inc. has a 1-year low of $46.50 and a 1-year high of $112.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.82% and a net margin of 12.34%. Analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company's stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares in the company, valued at $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research note on Wednesday. They issued a "buy" rating and a $135.00 price objective for the company. Barrington Research reissued an "outperform" rating and set a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $110.00.

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.