StockNews.com Downgrades Adtalem Global Education (NYSE:ATGE) to Buy

Adtalem Global Education (NYSE:ATGE) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

ATGE has been the subject of several other reports. Barrington Research raised 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. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $82.12 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. Adtalem Global Education has a one year low of $43.78 and a one year high of $85.26. The company has a 50-day simple moving average of $73.91 and a two-hundred day simple moving average of $68.66. The firm has a market capitalization of $3.09 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the business posted $0.93 earnings per share. Adtalem Global Education’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Activity

In other news, Director Lisa W. Wardell sold 28,301 shares of Adtalem Global Education stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the completion of the transaction, the director now directly owns 105,085 shares in the company, valued at approximately $7,959,137.90. 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 accessible through the SEC website. In related news, Director Lisa W. Wardell sold 28,301 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the completion of the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,959,137.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa W. Wardell sold 24,637 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the sale, the director now directly owns 105,085 shares of the company’s stock, valued at $7,944,426. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,440 shares of company stock worth $10,889,450. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

Several institutional investors and hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC grew its position in Adtalem Global Education by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock worth $1,343,000 after purchasing an additional 233 shares during the period. The Manufacturers Life Insurance Company grew its position in Adtalem Global Education by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after purchasing an additional 283 shares during the period. ProShare Advisors LLC grew its position in Adtalem Global Education by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 7,889 shares of the company’s stock worth $405,000 after purchasing an additional 423 shares during the period. GAMMA Investing LLC grew its position in Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after purchasing an additional 433 shares during the period. Finally, Clear Creek Financial Management LLC grew its position in Adtalem Global Education by 3.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock worth $1,043,000 after purchasing an additional 439 shares during the period. 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.