Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Update

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,370,000 shares, an increase of 16.1% from the November 30th total of 1,180,000 shares. Based on an average daily volume of 368,700 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.8% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, Director William W. Burke sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares of the company's stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds have recently modified their holdings of ATGE. Algert Global LLC raised its holdings in shares of 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 purchasing an additional 28,698 shares during the period. Edgestream Partners L.P. purchased a new position in Adtalem Global Education in the third quarter valued at about $2,314,000. State Street Corp lifted its stake in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after purchasing an additional 23,464 shares in the last quarter. Barclays PLC boosted its position in shares of Adtalem Global Education by 12.1% in the third quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after buying an additional 7,172 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Adtalem Global Education during the 2nd quarter valued at about $670,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Trading Down 0.8 %

Shares of Adtalem Global Education stock traded down $0.74 during trading hours on Monday, reaching $90.13. 169,844 shares of the company's stock were exchanged, compared to its average volume of 458,024. Adtalem Global Education has a 52-week low of $43.78 and a 52-week high of $92.93. The company has a fifty day moving average of $86.44 and a 200-day moving average of $77.43. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Sell-side analysts forecast that Adtalem Global Education will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ATGE shares. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Barrington Research upped their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.

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.