Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Down 5.1% in October

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 888,000 shares, a decrease of 5.1% from the October 15th total of 935,800 shares. Approximately 2.4% of the company's stock are sold short. Based on an average daily volume of 373,400 shares, the short-interest ratio is currently 2.4 days.

Insider Activity

In other news, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares in the company, valued at $7,944,426. This trade represents a 18.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the transaction, the chief accounting officer now owns 4,720 shares of the company's stock, valued at $355,888. This trade represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,110 shares of company stock worth $6,074,681 over the last quarter. Insiders own 2.00% of the company's stock.

Institutional Trading of Adtalem Global Education

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Adtalem Global Education during the 1st quarter valued at $565,000. Vanguard Group Inc. raised its stake in Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company's stock worth $227,299,000 after acquiring an additional 100,705 shares during the last quarter. Lazard Asset Management LLC raised its stake in Adtalem Global Education by 111,288.6% in the 1st quarter. Lazard Asset Management LLC now owns 49,011 shares of the company's stock worth $2,518,000 after acquiring an additional 48,967 shares during the last quarter. Algert Global LLC raised its stake in Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company's stock worth $8,356,000 after acquiring an additional 28,698 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Adtalem Global Education in the 2nd quarter worth $670,000. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Up 0.3 %

NYSE ATGE traded up $0.23 during midday trading on Monday, hitting $87.43. 213,804 shares of the company traded hands, compared to its average volume of 468,254. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $3.28 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. The company's 50-day simple moving average is $76.78 and its 200-day simple moving average is $72.08. Adtalem Global Education has a 52 week low of $43.78 and a 52 week high of $92.93.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to analysts' expectations of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities research analysts forecast that Adtalem Global Education will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

ATGE has been the subject of several recent analyst reports. Barrington Research boosted their price target on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st.

Adtalem Global Education Company 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.