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

StockNews.com lowered shares of Adtalem Global Education (NYSE:ATGE - Free Report) from a strong-buy rating to a buy rating in a report released on Thursday morning.

Several other equities analysts also recently weighed in on ATGE. BMO Capital Markets increased their target price on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday. Barrington Research increased their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday.

Adtalem Global Education Price Performance

Shares of ATGE traded down $1.20 during trading hours on Thursday, reaching $80.92. 525,668 shares of the company traded hands, compared to its average volume of 469,046. 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 stock has a market capitalization of $3.04 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95. Adtalem Global Education has a fifty-two week low of $43.78 and a fifty-two week high of $85.26. The stock has a fifty day simple moving average of $74.05 and a 200 day simple moving average of $68.74.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. As a group, research analysts predict that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lisa W. Wardell sold 28,301 shares of the firm's stock in a transaction dated 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 $7,959,137.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 28,301 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,959,137.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

A number of large investors have recently modified their holdings of the company. SummerHaven Investment Management LLC raised its holdings in shares of Adtalem Global Education by 1.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company's stock valued at $1,343,000 after buying an additional 233 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Adtalem Global Education by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company's stock valued at $1,443,000 after buying an additional 283 shares during the period. ProShare Advisors LLC raised its holdings in shares of Adtalem Global Education by 5.7% during the 1st quarter. ProShare Advisors LLC now owns 7,889 shares of the company's stock valued at $405,000 after buying an additional 423 shares during the period. GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company's stock valued at $55,000 after buying an additional 433 shares during the period. Finally, Clear Creek Financial Management LLC raised its holdings in shares of Adtalem Global Education by 3.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company's stock valued at $1,043,000 after buying an additional 439 shares during the period. 98.84% of the stock is currently owned by hedge funds and other 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.