Adtalem Global Education (NYSE:ATGE) Downgraded by StockNews.com

StockNews.com downgraded shares of Adtalem Global Education (NYSE:ATGE) from a strong-buy rating to a buy rating in a research note published on Tuesday.

Several other brokerages have also recently commented on ATGE. Barrington Research reaffirmed an outperform rating and set a $90.00 price objective on shares of Adtalem Global Education in a research note on Thursday, August 29th. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an outperform rating in a report on Thursday, August 8th.

Adtalem Global Education Trading Up 1.3 %

Shares of ATGE opened at $75.20 on Tuesday. 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 cap of $2.83 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95. Adtalem Global Education has a fifty-two week low of $41.89 and a fifty-two week high of $80.18. The business has a 50-day moving average of $74.41 and a 200 day moving average of $64.71.

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, beating the consensus estimate 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 company had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, research analysts forecast that Adtalem Global Education will post 5.72 EPS for the current year.

Insider Transactions at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares in the company, valued at approximately $355,888. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC boosted its position in shares of Adtalem Global Education by 1.2% during the second quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock valued at $1,343,000 after purchasing an additional 233 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after acquiring an additional 283 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Adtalem Global Education by 5.7% during the first quarter. ProShare Advisors LLC now owns 7,889 shares of the company’s stock valued at $405,000 after purchasing an additional 423 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in shares of Adtalem Global Education by 3.4% in the 2nd quarter. Clear Creek Financial Management LLC now owns 13,378 shares of the company’s stock worth $913,000 after purchasing an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.