Adtalem Global Education (NYSE:ATGE) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Adtalem Global Education (NYSE:ATGE) from a buy rating to a strong-buy rating in a report issued on Wednesday.

ATGE has been the topic of a number of other reports. BMO Capital Markets lifted their target price on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th.

Adtalem Global Education Price Performance

ATGE opened at $73.44 on Wednesday. Adtalem Global Education has a 1 year low of $41.89 and a 1 year high of $80.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 0.85 and a beta of 0.95. The firm’s fifty day moving average price is $73.67 and its two-hundred day moving average price is $67.70.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $409.91 million for the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, analysts anticipate that Adtalem Global Education will post 5.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the transaction, the director now owns 94,804 shares in the company, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lisa W. Wardell sold 7,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the transaction, the director now directly owns 105,085 shares in the company, valued at approximately $7,576,628.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,440 shares of company stock valued at $10,889,450 over the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Adtalem Global Education by 133.8% during the first quarter. BNP Paribas Financial Markets now owns 47,394 shares of the company’s stock worth $2,436,000 after purchasing an additional 27,124 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Adtalem Global Education in the 1st quarter worth approximately $565,000. Vanguard Group Inc. increased its holdings in shares of Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after buying an additional 100,705 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new stake in shares of Adtalem Global Education during the 1st quarter valued at $935,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Adtalem Global Education by 111,288.6% during the 1st quarter. Lazard Asset Management LLC now owns 49,011 shares of the company’s stock worth $2,518,000 after acquiring an additional 48,967 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.