Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Down 12.0% in February

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 779,100 shares, a drop of 12.0% from the January 31st total of 885,600 shares. Based on an average trading volume of 398,400 shares, the short-interest ratio is currently 2.0 days. Approximately 2.1% of the shares of the stock are short sold.

Adtalem Global Education Trading Down 1.0 %

Shares of NYSE ATGE traded down $0.95 during midday trading on Monday, reaching $89.87. 515,823 shares of the stock were exchanged, compared to its average volume of 405,596. The stock has a market capitalization of $3.35 billion, a P/E ratio of 16.74, a PEG ratio of 1.05 and a beta of 0.95. 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 has a twelve month low of $45.18 and a twelve month high of $112.44. The company has a 50 day simple moving average of $99.60 and a 200 day simple moving average of $87.36.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, equities analysts expect that Adtalem Global Education will post 6.2 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on ATGE shares. BMO Capital Markets boosted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Barrington Research upped their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday.

Insider Activity

In other news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares in the company, valued at approximately $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. Insiders have sold 12,997 shares of company stock worth $1,386,048 in the last ninety days. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Adtalem Global Education

Several institutional investors have recently modified their holdings of ATGE. USA Financial Formulas acquired a new stake in Adtalem Global Education in the fourth quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in shares of Adtalem Global Education in the 3rd quarter valued at $27,000. R Squared Ltd purchased a new position in shares of Adtalem Global Education in the 4th quarter valued at $70,000. Parkside Financial Bank & Trust grew its stake in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after buying an additional 776 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in 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 buying an additional 634 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.