Adtalem Global Education (NYSE:ATGE) Cut to “Buy” at 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 released on Tuesday morning.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Barrington Research upped their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

Adtalem Global Education Trading Down 0.7 %

Shares of ATGE opened at $98.77 on Tuesday. The business’s 50-day moving average price is $100.10 and its 200-day moving average price is $88.47. Adtalem Global Education has a twelve month low of $45.18 and a twelve month high of $112.44. The stock has a market cap of $3.68 billion, a PE ratio of 18.39, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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, equities analysts forecast that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Adtalem Global Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas bought a new stake in Adtalem Global Education during the 4th quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new stake in Adtalem Global Education during the 3rd quarter valued at approximately $27,000. R Squared Ltd bought a new stake in Adtalem Global Education during the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust raised its stake in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after purchasing an additional 776 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after purchasing an additional 634 shares during the period. 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.