Adtalem Global Education (NYSE:ATGE) Reaches New 52-Week High - Still a Buy?

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $97.99 and last traded at $96.84, with a volume of 31466 shares traded. The stock had previously closed at $95.71.

Wall Street Analyst Weigh In

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

Adtalem Global Education Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50-day moving average of $90.52 and a 200-day moving average of $79.82. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.00 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 EPS 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 business had revenue of $417.40 million during the quarter, compared to analysts' expectations of $397.48 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. As a group, analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company's stock in a transaction 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 sale, the director now directly owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund Corp raised its stake in Adtalem Global Education by 12.6% in the second quarter. Texas Permanent School Fund Corp now owns 38,614 shares of the company's stock valued at $2,634,000 after buying an additional 4,317 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Adtalem Global Education in the 2nd quarter valued at $1,969,000. American Century Companies Inc. lifted its holdings in Adtalem Global Education by 5.3% during the 2nd quarter. American Century Companies Inc. now owns 71,916 shares of the company's stock valued at $4,905,000 after purchasing an additional 3,638 shares during the last quarter. Renaissance Technologies LLC boosted its position in Adtalem Global Education by 34.3% during the second quarter. Renaissance Technologies LLC now owns 186,800 shares of the company's stock worth $12,742,000 after purchasing an additional 47,700 shares during the period. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of Adtalem Global Education in the second quarter valued at $4,348,000. 98.84% of the stock is 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.