Adtalem Global Education Inc. (NYSE:ATGE – Get Rating) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 3,260,000 shares, a decrease of 11.2% from the August 31st total of 3,670,000 shares. Currently, 7.4% of the company’s shares are short sold. Based on an average trading volume of 379,000 shares, the short-interest ratio is presently 8.6 days.
Insider Buying and Selling
In related news, Director Lyle Logan sold 2,600 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $38.14, for a total value of $99,164.00. Following the completion of the transaction, the director now directly owns 29,323 shares in the company, valued at $1,118,379.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.75% of the stock is currently owned by company insiders.
Institutional Trading of Adtalem Global Education
A number of institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in Adtalem Global Education by 100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company’s stock worth $38,000 after buying an additional 525 shares in the last quarter. US Bancorp DE lifted its holdings in Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after buying an additional 775 shares in the last quarter. Prospera Financial Services Inc acquired a new position in Adtalem Global Education in the 2nd quarter worth $68,000. Gladius Capital Management LP lifted its holdings in Adtalem Global Education by 18.2% in the 1st quarter. Gladius Capital Management LP now owns 2,264 shares of the company’s stock worth $68,000 after buying an additional 348 shares in the last quarter. Finally, GHE LLC acquired a new stake in shares of Adtalem Global Education in the 2nd quarter valued at about $77,000.
Adtalem Global Education Stock Down 1.5 %
Shares of NYSE ATGE opened at $36.45 on Friday. Adtalem Global Education has a 52-week low of $19.14 and a 52-week high of $41.40. The firm has a fifty day moving average of $38.21 and a 200-day moving average of $34.34. The stock has a market capitalization of $1.65 billion, a PE ratio of 5.64, a P/E/G ratio of 0.60 and a beta of 1.03. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.
Adtalem Global Education (NYSE:ATGE – Get Rating) last announced its quarterly earnings data on Thursday, August 11th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.03. Adtalem Global Education had a net margin of 21.97% and a return on equity of 12.38%. The company had revenue of $361.23 million during the quarter, compared to analysts’ expectations of $348.90 million. During the same period in the previous year, the company earned $0.70 EPS. The business’s quarterly revenue was up 61.6% compared to the same quarter last year. On average, analysts anticipate that Adtalem Global Education will post 4.08 EPS for the current year.
Wall Street Analysts Forecast Growth
ATGE has been the topic of several analyst reports. Robert W. Baird increased their price objective on Adtalem Global Education from $31.00 to $40.00 in a research note on Friday, August 12th. Barrington Research raised their price objective on Adtalem Global Education from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, August 12th.
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.
See Also
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