Short Interest in Adtalem Global Education Inc. (NYSE:ATGE) Expands By 16.1%

Adtalem Global Education Inc. (NYSE:ATGE) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,370,000 shares, a growth of 16.1% from the November 30th total of 1,180,000 shares. Based on an average daily trading volume, of 368,700 shares, the short-interest ratio is presently 3.7 days. Approximately 3.8% of the company’s shares are short sold.

Insider Activity

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education in the 3rd quarter worth about $27,000. Quarry LP bought a new position in shares of Adtalem Global Education in the second quarter worth $43,000. GAMMA Investing LLC increased its holdings in shares of Adtalem Global Education by 60.1% during the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after purchasing an additional 483 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the third quarter valued at about $123,000. Finally, Systematic Financial Management LP acquired a new stake in Adtalem Global Education in the third quarter worth about $159,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $90.87 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. Adtalem Global Education has a twelve month low of $43.78 and a twelve month high of $92.93. The business has a 50 day simple moving average of $86.44 and a 200-day simple moving average of $77.34.

Adtalem Global Education (NYSE:ATGE) last released its earnings results 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. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities research analysts expect that Adtalem Global Education will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

ATGE has been the topic of several analyst reports. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research boosted 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. Finally, BMO Capital Markets raised their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

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.