Adtalem Global Education (NYSE:ATGE) Lowered to “Buy” Rating by StockNews.com

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

Other equities research analysts also recently issued reports about the stock. Barrington Research boosted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd.

Adtalem Global Education Trading Down 0.1 %

ATGE opened at $97.25 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The firm has a 50 day simple moving average of $99.86 and a 200 day simple moving average of $88.18. Adtalem Global Education has a fifty-two week low of $45.18 and a fifty-two week high of $112.44.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, sell-side analysts anticipate that Adtalem Global Education will post 6.2 earnings per share for the current year.

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the transaction, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATGE. Atria Investments Inc boosted its holdings in shares of Adtalem Global Education by 32.6% in the third quarter. Atria Investments Inc now owns 4,721 shares of the company’s stock valued at $356,000 after buying an additional 1,162 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Adtalem Global Education during the third quarter worth $219,000. Victory Capital Management Inc. boosted its holdings in Adtalem Global Education by 130.1% during the third quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock worth $2,540,000 after purchasing an additional 19,026 shares during the last quarter. Natixis Advisors LLC acquired a new position in Adtalem Global Education during the third quarter worth $828,000. Finally, Quest Partners LLC boosted its holdings in Adtalem Global Education by 173.4% during the third quarter. Quest Partners LLC now owns 14,204 shares of the company’s stock worth $1,072,000 after purchasing an additional 9,008 shares during the last quarter. Institutional investors and hedge funds 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.