Adtalem Global Education (NYSE:ATGE) Rating Lowered to Buy at StockNews.com

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

Several other analysts also recently commented on ATGE. BMO Capital Markets upped their price objective on Adtalem Global Education from $76.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Barrington Research reiterated an "outperform" rating and set a $90.00 target price on shares of Adtalem Global Education in a research report on Thursday, August 29th.

Adtalem Global Education Stock Down 0.9 %

Adtalem Global Education stock traded down $0.63 during midday trading on Thursday, reaching $72.51. The company's stock had a trading volume of 193,596 shares, compared to its average volume of 477,868. Adtalem Global Education has a fifty-two week low of $41.89 and a fifty-two week high of $80.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The company has a market cap of $2.73 billion, a P/E ratio of 27.26, a P/E/G ratio of 0.90 and a beta of 0.95. The business has a 50-day simple moving average of $73.61 and a 200-day simple moving average of $66.16.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The business had revenue of $409.91 million during the quarter, compared to the consensus estimate of $398.64 million. During the same period in the previous year, the business earned $1.03 EPS. The business's quarterly revenue was up 12.4% on a year-over-year basis. On average, research analysts expect that Adtalem Global Education will post 5.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now owns 94,804 shares in the company, valued at approximately $6,779,434.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the transaction, the director now owns 94,804 shares of the company's stock, valued at $6,779,434.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lisa W. Wardell sold 28,301 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the transaction, the director now directly owns 105,085 shares in the company, valued at approximately $7,959,137.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in shares of Adtalem Global Education by 81,701.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company's stock worth $90,725,000 after buying an additional 1,328,462 shares during the period. LSV Asset Management raised its position in Adtalem Global Education by 2,360.6% in the second quarter. LSV Asset Management now owns 644,666 shares of the company's stock valued at $43,973,000 after purchasing an additional 618,466 shares during the period. Ariel Investments LLC raised its position in Adtalem Global Education by 11.1% in the first quarter. Ariel Investments LLC now owns 3,079,317 shares of the company's stock valued at $158,277,000 after purchasing an additional 306,699 shares during the period. Vanguard Group Inc. raised its position in Adtalem Global Education by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company's stock valued at $227,299,000 after purchasing an additional 100,705 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Adtalem Global Education by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company's stock valued at $44,586,000 after purchasing an additional 90,161 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

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.