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

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

A number of other analysts have also weighed in on the company. Barrington Research increased their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets upped their price target 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 Price Performance

Adtalem Global Education stock opened at $80.92 on Thursday. Adtalem Global Education has a 52-week low of $43.78 and a 52-week high of $85.26. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $74.05 and its 200 day moving average is $68.74. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.94 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share 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 for 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 company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that Adtalem Global Education will post 5.85 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction dated Thursday, August 8th. The stock was 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 owns 94,804 shares of the company’s stock, valued at $6,779,434.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction dated Tuesday, August 27th. The stock was 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 in the company, valued at approximately $7,944,426. The trade was a 0.00 % decrease in their ownership of the stock. 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. Company 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 the stock. Clear Creek Financial Management LLC raised its position in shares of Adtalem Global Education by 3.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock valued at $1,043,000 after buying an additional 439 shares during the period. New York State Teachers Retirement System boosted its holdings in Adtalem Global Education by 1.2% during the 3rd quarter. New York State Teachers Retirement System now owns 54,154 shares of the company’s stock valued at $4,088,000 after acquiring an additional 641 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after purchasing an additional 65,945 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Adtalem Global Education by 4.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after acquiring an additional 4,246 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new stake in Adtalem Global Education during the 3rd quarter worth about $209,000. 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.