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

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

Other equities analysts have also issued reports about the stock. Barrington Research reaffirmed an outperform rating and set a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th. BMO Capital Markets upped their target price on Adtalem Global Education from $76.00 to $84.00 and gave the company an outperform rating in a research report on Thursday, August 8th.

Adtalem Global Education Stock Performance

ATGE opened at $73.10 on Wednesday. The business’s 50-day simple moving average is $73.95 and its 200 day simple moving average is $65.57. Adtalem Global Education has a 52-week low of $41.89 and a 52-week high of $80.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $2.75 billion, a PE ratio of 27.48, a PEG ratio of 0.90 and a beta of 0.95.

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

Insider Activity at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the transaction, the director now owns 94,804 shares in the company, valued at approximately $6,779,434.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lisa W. Wardell sold 7,292 shares of the business’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 sale, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,440 shares of company stock worth $10,889,450 over the last ninety days. Insiders own 2.20% of the company’s stock.

Institutional Trading of Adtalem Global Education

Several hedge funds have recently added to or reduced their stakes in ATGE. BNP Paribas Financial Markets grew its holdings in Adtalem Global Education by 133.8% during the 1st quarter. BNP Paribas Financial Markets now owns 47,394 shares of the company’s stock valued at $2,436,000 after buying an additional 27,124 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Adtalem Global Education during the 1st quarter valued at about $565,000. Bridgewater Associates LP lifted its position in Adtalem Global Education by 125.3% in the 4th quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock worth $13,369,000 after buying an additional 126,114 shares during the last quarter. Vanguard Group Inc. boosted its stake in Adtalem Global Education by 2.3% in the first 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 in the last quarter. Finally, Moloney Securities Asset Management LLC bought a new position in Adtalem Global Education during the first quarter valued at approximately $935,000. Institutional investors own 98.84% of the company’s stock.

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.