Adtalem Global Education Inc. (NYSE:ATGE – Get Rating) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,010,000 shares, a decrease of 17.6% from the October 15th total of 2,440,000 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily trading volume, of 373,200 shares, the short-interest ratio is currently 5.4 days.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on ATGE. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, November 7th. Barrington Research increased their target price on Adtalem Global Education from $46.00 to $48.00 in a report on Friday, November 4th. TheStreet upgraded Adtalem Global Education from a “c” rating to a “b-” rating in a report on Friday, November 4th. Robert W. Baird upped their price target on Adtalem Global Education from $31.00 to $40.00 in a research report on Friday, August 12th. Finally, StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Saturday.
Insider Buying and Selling at Adtalem Global Education
In other news, Director Lisa W. Wardell sold 30,564 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $43.17, for a total transaction of $1,319,447.88. Following the completion of the sale, the director now directly owns 319,974 shares in the company, valued at $13,813,277.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 30,564 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $43.17, for a total value of $1,319,447.88. Following the transaction, the director now directly owns 319,974 shares of the company’s stock, valued at approximately $13,813,277.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lyle Logan sold 2,600 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 29,323 shares of the company’s stock, valued at approximately $1,118,379.22. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Portformulas Corp bought a new stake in shares of Adtalem Global Education during the third quarter valued at approximately $34,000. Nisa Investment Advisors LLC increased its position 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 valued at $38,000 after acquiring an additional 525 shares during the period. US Bancorp DE raised its stake in Adtalem Global Education by 76.7% during the 1st quarter. US Bancorp DE now owns 1,786 shares of the company’s stock valued at $53,000 after acquiring an additional 775 shares in the last quarter. Gladius Capital Management LP boosted its position in Adtalem Global Education by 18.2% during the 1st 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 period. Finally, Prospera Financial Services Inc bought a new position in shares of Adtalem Global Education in the second quarter worth $68,000.
Adtalem Global Education Stock Performance
NYSE ATGE traded down $0.83 during trading hours on Monday, reaching $39.72. The company’s stock had a trading volume of 317,412 shares, compared to its average volume of 442,769. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $38.59 and a 200 day simple moving average of $36.51. Adtalem Global Education has a 52 week low of $19.14 and a 52 week high of $44.40. The stock has a market cap of $1.80 billion, a PE ratio of 5.28, a PEG ratio of 0.66 and a beta of 1.01.
Adtalem Global Education (NYSE:ATGE – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The business had revenue of $354.56 million for the quarter, compared to the consensus estimate of $353.41 million. Adtalem Global Education had a return on equity of 12.53% and a net margin of 26.01%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Equities research analysts predict that Adtalem Global Education will post 4.08 earnings per share for the current fiscal year.
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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