Adtalem Global Education (NYSE:ATGE – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other research analysts also recently weighed in on the company. Barrington Research lifted their target price on Adtalem Global Education from $46.00 to $48.00 in a research note on Friday. Robert W. Baird lifted their target price on Adtalem Global Education from $31.00 to $40.00 in a research note on Friday, August 12th.
Adtalem Global Education Stock Performance
ATGE traded up $0.41 during trading on Friday, hitting $42.27. 550,480 shares of the stock were exchanged, compared to its average volume of 444,023. The firm has a market capitalization of $1.92 billion, a P/E ratio of 6.54, a PEG ratio of 0.68 and a beta of 1.01. Adtalem Global Education has a 1-year low of $19.14 and a 1-year high of $43.88. The stock has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $35.91. 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 earnings results on Thursday, November 3rd. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. Adtalem Global Education had a return on equity of 12.38% and a net margin of 21.97%. The company had revenue of $354.56 million for the quarter, compared to the consensus estimate of $353.41 million. During the same period last year, the business posted $0.62 EPS. The company’s revenue was up 22.7% on a year-over-year basis. As a group, sell-side analysts predict that Adtalem Global Education will post 4.08 earnings per share for the current year.
Insider Activity at Adtalem Global Education
In related news, Director Lyle Logan sold 2,600 shares of Adtalem Global Education stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $38.14, for a total transaction of $99,164.00. Following the completion of the transaction, the director now directly owns 29,323 shares of the company’s stock, valued at $1,118,379.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.
Hedge Funds Weigh In On Adtalem Global Education
Several hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Portformulas Corp acquired a new position in shares of Adtalem Global Education in the third quarter worth $34,000. Nisa Investment Advisors LLC raised its holdings in shares of Adtalem Global Education by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company’s stock worth $38,000 after acquiring an additional 525 shares during the last quarter. US Bancorp DE raised its holdings in shares of Adtalem Global Education by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares during the last quarter. Gladius Capital Management LP raised its holdings in shares of Adtalem Global Education by 18.2% in the first quarter. Gladius Capital Management LP now owns 2,264 shares of the company’s stock worth $68,000 after acquiring an additional 348 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new position in shares of Adtalem Global Education in the second quarter worth $68,000.
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.
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