StockNews.com downgraded shares of Adtalem Global Education (NYSE:ATGE - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.
A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets increased their price target 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. Barrington Research increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, January 31st.
Check Out Our Latest Stock Analysis on Adtalem Global Education
Adtalem Global Education Price Performance
Shares of ATGE traded down $3.04 during trading hours on Thursday, reaching $90.93. The company had a trading volume of 737,492 shares, compared to its average volume of 425,160. The firm has a 50 day simple moving average of $99.60 and a 200-day simple moving average of $87.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.05 and a beta of 0.95. Adtalem Global Education has a 12-month low of $45.18 and a 12-month high of $112.43.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly 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%. Research analysts expect that Adtalem Global Education will post 6.2 earnings per share for the current year.
Insider Buying and Selling at Adtalem Global Education
In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company's stock, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Adtalem Global Education
Hedge funds have recently modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of Adtalem Global Education during the 4th quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $27,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education during the 4th quarter worth about $70,000. Parkside Financial Bank & Trust boosted 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 worth $72,000 after purchasing an additional 776 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
About Adtalem Global Education
(
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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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