Farley Capital L.P. Trims Position in Adtalem Global Education Inc (ATGE)
Farley Capital L.P. lowered its position in shares of Adtalem Global Education Inc (NYSE:ATGE) by 32.5% in the 4th quarter, HoldingsChannel reports. The fund owned 889,612 shares of the company’s stock after selling 429,164 shares during the quarter. Adtalem Global Education comprises approximately 52.5% of Farley Capital L.P.’s investment portfolio, making the stock its largest position. Farley Capital L.P.’s holdings in Adtalem Global Education were worth $37,408,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in ATGE. Wells Fargo & Company MN boosted its holdings in Adtalem Global Education by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,347,206 shares of the company’s stock worth $84,147,000 after purchasing an additional 248,335 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Adtalem Global Education in the fourth quarter worth approximately $45,234,000. Rothschild Asset Management Inc. boosted its holdings in Adtalem Global Education by 4.9% in the third quarter. Rothschild Asset Management Inc. now owns 913,424 shares of the company’s stock worth $32,746,000 after purchasing an additional 42,293 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Adtalem Global Education by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 780,590 shares of the company’s stock worth $27,983,000 after purchasing an additional 12,120 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Adtalem Global Education by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 745,408 shares of the company’s stock worth $31,345,000 after purchasing an additional 15,861 shares during the last quarter. 99.23% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 9th. BMO Capital Markets restated a “hold” rating and issued a $49.00 target price on shares of Adtalem Global Education in a report on Wednesday, January 17th. Piper Jaffray Companies restated a “buy” rating and issued a $59.00 target price on shares of Adtalem Global Education in a report on Monday, December 4th. ValuEngine upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Robert W. Baird lifted their price target on shares of Adtalem Global Education from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $50.33.
Adtalem Global Education Inc (NYSE:ATGE) opened at $46.90 on Monday. The firm has a market cap of $2,826.99, a price-to-earnings ratio of 18.47, a PEG ratio of 1.83 and a beta of 0.97. Adtalem Global Education Inc has a one year low of $30.15 and a one year high of $48.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.58 and a current ratio of 1.58.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The business had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $435.56 million. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. equities research analysts forecast that Adtalem Global Education Inc will post 2.77 earnings per share for the current fiscal year.
WARNING: This story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.watchlistnews.com/farley-capital-l-p-trims-position-in-adtalem-global-education-inc-atge/1909856.html.
Adtalem Global Education Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
Want to see what other hedge funds are holding ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adtalem Global Education Inc (NYSE:ATGE).
Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.