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

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

ATGE has been the subject of several other research reports. Barrington Research upped their price target on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped 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, October 30th.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $79.70 on Thursday. The firm has a market cap of $2.99 billion, a P/E ratio of 18.24, a PEG ratio of 0.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.86. Adtalem Global Education has a fifty-two week low of $43.78 and a fifty-two week high of $85.26. The stock’s 50-day moving average is $74.14 and its two-hundred day moving average is $69.14.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. Analysts predict that Adtalem Global Education will post 5.9 earnings per share for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,944,426. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction dated 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 directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,440 shares of company stock valued at $10,889,450. 2.00% of the stock is owned by insiders.

Institutional Trading of Adtalem Global Education

Institutional investors have recently modified their holdings of the company. Covestor Ltd lifted its stake in Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after purchasing an additional 743 shares during the period. Quarry LP bought a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $43,000. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education in the 1st quarter valued at $53,000. GAMMA Investing LLC grew its position in Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after acquiring an additional 433 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Adtalem Global Education in the first quarter valued at $56,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.