Adtalem Global Education (NYSE:ATGE) Sets New 12-Month High – Still a Buy?

Shares of Adtalem Global Education Inc. (NYSE:ATGE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $97.99 and last traded at $96.84, with a volume of 31466 shares. The stock had previously closed at $95.71.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATGE. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barrington Research upped their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

Adtalem Global Education Trading Up 0.6 %

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $90.23 and a 200 day moving average of $79.62. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.00 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Insider Activity

In other news, Director William W. Burke sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Several large investors have recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in Adtalem Global Education during the 4th quarter worth $26,000. Meeder Asset Management Inc. bought a new position in Adtalem Global Education during the 3rd quarter worth approximately $27,000. Quarry LP acquired a new position in Adtalem Global Education during the second quarter valued at approximately $43,000. GAMMA Investing LLC increased its stake in Adtalem Global Education by 60.1% in the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after purchasing an additional 483 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Adtalem Global Education in the third quarter worth $123,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.