Adtalem Global Education Inc. (NYSE:ATGE) Sees Significant Increase in Short Interest

Adtalem Global Education Inc. (NYSE:ATGE) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,180,000 shares, a growth of 18.1% from the March 15th total of 998,900 shares. Based on an average trading volume of 455,000 shares, the short-interest ratio is currently 2.6 days. Approximately 3.2% of the shares of the stock are short sold.

Adtalem Global Education Stock Performance

ATGE traded down $8.34 on Monday, reaching $97.70. The stock had a trading volume of 795,243 shares, compared to its average volume of 438,090. The business’s 50-day moving average price is $100.64 and its two-hundred day moving average price is $93.43. Adtalem Global Education has a 12-month low of $46.18 and a 12-month high of $112.44. The company has a market cap of $3.64 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Sell-side analysts forecast that Adtalem Global Education will post 6.2 earnings per share for the current year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now directly owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now directly owns 12,844 shares in the company, valued at $1,395,885.92. The trade was a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 over the last ninety days. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

A number of institutional investors have recently modified their holdings of ATGE. Boston Partners purchased a new position in Adtalem Global Education in the fourth quarter valued at about $35,990,000. GAMMA Investing LLC increased its holdings in Adtalem Global Education by 11,723.8% in the 1st quarter. GAMMA Investing LLC now owns 173,101 shares of the company’s stock valued at $17,421,000 after purchasing an additional 171,637 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its position in shares of Adtalem Global Education by 59.2% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company’s stock worth $36,842,000 after purchasing an additional 150,835 shares in the last quarter. Westport Asset Management Inc. acquired a new stake in Adtalem Global Education during the 4th quarter valued at approximately $11,425,000. Finally, Norges Bank bought a new stake in shares of Adtalem Global Education in the 4th quarter worth about $11,157,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ATGE. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Barrington Research reaffirmed an “outperform” rating and set a $120.00 target price on shares of Adtalem Global Education in a research note on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

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.