Adtalem Global Education (NYSE:ATGE) Sets New 1-Year High – Still a Buy?

Adtalem Global Education Inc. (NYSE:ATGE) reached a new 52-week high on Wednesday . The stock traded as high as $97.99 and last traded at $96.84, with a volume of 31466 shares changing hands. The stock had previously closed at $95.71.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research lifted their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

Adtalem Global Education Price Performance

The company has a fifty day simple moving average of $90.83 and a 200 day simple moving average of $80.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the company posted $0.93 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Equities research analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP increased its stake in Adtalem Global Education by 4.3% in the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after acquiring an additional 126 shares during the last quarter. GAMMA Investing LLC increased its stake in Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after acquiring an additional 177 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Adtalem Global Education by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after acquiring an additional 192 shares during the last quarter. USA Financial Formulas bought a new position in Adtalem Global Education in the fourth quarter valued at $26,000. Finally, The Manufacturers Life Insurance Company increased its stake in Adtalem Global Education by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock valued at $1,443,000 after acquiring an additional 283 shares during 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.