Adtalem Global Education (NYSE:ATGE) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Adtalem Global Education (NYSE:ATGE) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

Several other equities research analysts also recently weighed in on ATGE. Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets increased their target price on 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 Stock Performance

NYSE ATGE opened at $101.76 on Wednesday. The company has a market cap of $3.79 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.05 and a beta of 0.97. The business’s 50 day moving average price is $98.48 and its 200-day moving average price is $86.02. Adtalem Global Education has a fifty-two week low of $45.18 and a fifty-two week high of $112.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

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, beating 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%. Sell-side analysts predict that Adtalem Global Education will post 6.2 earnings per share for the current year.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now directly owns 11,659 shares in the company, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,997 shares of company stock worth $1,747,608. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Adtalem Global Education

Hedge funds and other institutional investors have recently bought and sold shares of the stock. USA Financial Formulas bought a new position in shares of Adtalem Global Education in the 4th quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education in the third quarter valued at about $27,000. R Squared Ltd bought a new position in Adtalem Global Education in the fourth quarter worth about $70,000. Parkside Financial Bank & Trust lifted its position in shares of Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after buying an additional 776 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after buying an additional 634 shares in the last quarter. 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.