Adtalem Global Education (NYSE:ATGE) Stock Rating Lowered by StockNews.com

Adtalem Global Education (NYSE:ATGE - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Tuesday.

A number of other equities analysts have also recently weighed in on ATGE. BMO Capital Markets upped their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Barrington Research boosted their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.

Adtalem Global Education Trading Up 0.1 %

ATGE stock traded up $0.11 during midday trading on Tuesday, reaching $98.85. 386,898 shares of the company's stock traded hands, compared to its average volume of 405,498. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The business has a 50-day moving average price of $100.10 and a two-hundred day moving average price of $88.47. The company has a market capitalization of $3.68 billion, a P/E ratio of 18.40, a PEG ratio of 1.05 and a beta of 0.95.

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Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael Betz sold 3,500 shares of Adtalem Global Education 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 completion of the transaction, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were 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 in the company, valued at $829,384.32. The trade was a 37.46 % decrease in their position. 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 three months. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

A number of institutional investors have recently made changes to their positions in the company. Atria Investments Inc increased its stake in Adtalem Global Education by 32.6% during the third quarter. Atria Investments Inc now owns 4,721 shares of the company's stock valued at $356,000 after purchasing an additional 1,162 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Adtalem Global Education during the 3rd quarter valued at about $219,000. Victory Capital Management Inc. raised its stake in Adtalem Global Education by 130.1% during the third quarter. Victory Capital Management Inc. now owns 33,650 shares of the company's stock worth $2,540,000 after acquiring an additional 19,026 shares during the period. Natixis Advisors LLC acquired a new stake in Adtalem Global Education during the third quarter worth about $828,000. Finally, Quest Partners LLC lifted its holdings in Adtalem Global Education by 173.4% in the third quarter. Quest Partners LLC now owns 14,204 shares of the company's stock worth $1,072,000 after acquiring an additional 9,008 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.