Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,180,000 shares, a growth of 18.1% from the March 15th total of 998,900 shares. Based on an average daily trading volume, of 455,000 shares, the short-interest ratio is currently 2.6 days. Currently, 3.2% of the company's shares are sold short.
Insider Activity
In other Adtalem Global Education news, 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 sale, the director now owns 8,032 shares of the company's stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction dated Thursday, February 6th. The stock was 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 approximately $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 in the last quarter. Company insiders own 2.00% of the company's stock.
Institutional Trading of Adtalem Global Education
Several institutional investors have recently modified their holdings of the business. USA Financial Formulas acquired a new stake in Adtalem Global Education in the fourth quarter worth $26,000. Fifth Third Bancorp raised its position in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the period. Financial Management Professionals Inc. purchased a new position in Adtalem Global Education in the first quarter valued at approximately $31,000. R Squared Ltd bought a new position in shares of Adtalem Global Education during the 4th quarter worth $70,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after buying an additional 776 shares in the last quarter. Institutional investors own 98.84% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ATGE. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Barrington Research restated an "outperform" rating and issued a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 15th.
Get Our Latest Research Report on ATGE
Adtalem Global Education Stock Performance
Shares of ATGE traded down $8.34 during midday trading on Monday, reaching $97.70. The stock had a trading volume of 795,243 shares, compared to its average volume of 438,090. The firm has a 50 day simple moving average of $100.64 and a 200-day simple moving average of $93.43. The firm has a market cap of $3.64 billion, a PE ratio of 18.19, a P/E/G ratio of 1.05 and a beta of 0.91. Adtalem Global Education has a one year low of $46.18 and a one year high of $112.44. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Adtalem Global Education will post 6.2 EPS for the current year.
Adtalem Global Education Company Profile
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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.
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