Adtalem Global Education (NYSE:ATGE) Reaches New 52-Week High - Here's What Happened

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $100.05 and last traded at $98.76, with a volume of 14677 shares changing hands. The stock had previously closed at $98.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Barrington Research raised their price target on shares of Adtalem Global Education from $95.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, 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 note on Wednesday, October 30th.

Adtalem Global Education Stock Up 1.0 %

The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.11 and a beta of 0.96. The business's 50-day moving average is $91.31 and its 200-day moving average is $80.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data 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. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same quarter last year, the business posted $0.93 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. On average, equities analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Adtalem Global Education

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas acquired a new stake in Adtalem Global Education in the fourth quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education in the 3rd quarter valued at about $27,000. Quarry LP acquired a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $43,000. GAMMA Investing LLC raised its stake in shares of Adtalem Global Education by 60.1% during the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company's stock worth $97,000 after buying an additional 483 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the third quarter worth approximately $123,000. 98.84% of the stock is owned by institutional investors.

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.