Adtalem Global Education (NYSE:ATGE) Shares Gap Up on Earnings Beat

Shares of Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $102.42, but opened at $109.90. Adtalem Global Education shares last traded at $110.51, with a volume of 55,093 shares.

The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. BMO Capital Markets raised their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday.

Insider Buying and Selling at Adtalem Global Education

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 transaction, the director now directly owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Adtalem Global Education

A number of large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its holdings in shares of Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company's stock worth $5,950,000 after purchasing an additional 65,945 shares in the last quarter. Edgestream Partners L.P. bought a new position in Adtalem Global Education in the 3rd quarter valued at about $2,314,000. Calamos Advisors LLC acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at approximately $2,530,000. State Street Corp lifted its holdings in shares of Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after acquiring an additional 23,464 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $1,530,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Price Performance

The firm has a market capitalization of $3.89 billion, a P/E ratio of 19.42, a PEG ratio of 1.15 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The business's 50 day moving average is $93.34 and its 200-day moving average is $82.51.

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.