Adtalem Global Education (NYSE:ATGE) Upgraded at StockNews.com

Adtalem Global Education (NYSE:ATGE) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Other research analysts have also issued research reports about the stock. Barrington Research reiterated an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a research note on Thursday, August 29th. BMO Capital Markets upped their target price on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

Adtalem Global Education Stock Performance

ATGE opened at $72.77 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. Adtalem Global Education has a 12-month low of $41.89 and a 12-month high of $80.18. The business has a 50 day moving average of $73.66 and a 200-day moving average of $67.74. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 0.85 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) 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 quarter last year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts expect that Adtalem Global Education will post 5.72 earnings per share for the current year.

Insider Activity

In related news, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the firm’s 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 in the company, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at $355,888. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,440 shares of company stock valued at $10,889,450. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after buying an additional 100,705 shares during the last quarter. Ariel Investments LLC increased its holdings in Adtalem Global Education by 11.1% in the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock worth $158,277,000 after purchasing an additional 306,699 shares in the last quarter. Pacer Advisors Inc. raised its position in Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after purchasing an additional 1,328,462 shares during the last quarter. LSV Asset Management boosted its stake in shares of Adtalem Global Education by 2,360.6% during 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 in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Adtalem Global Education by 4.0% during the first quarter. Principal Financial Group Inc. now owns 222,139 shares of the company’s stock worth $11,418,000 after purchasing an additional 8,505 shares during the last quarter. 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.