Adtalem Global Education (NYSE:ATGE) Sets New 1-Year High – What’s Next?

Shares of Adtalem Global Education Inc. (NYSE:ATGE) reached a new 52-week high during trading on Tuesday . The stock traded as high as $100.05 and last traded at $98.76, with a volume of 14677 shares changing hands. The stock had previously closed at $98.17.

Analyst Upgrades and Downgrades

A number of analysts have 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 stock an “outperform” rating in a research report on Wednesday, October 30th. Barrington Research lifted their price target on Adtalem Global Education from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Adtalem Global Education Trading Down 0.3 %

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 firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.11 and a beta of 0.96. The company has a 50 day moving average price of $91.12 and a two-hundred day moving average price of $80.67.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. On average, research analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS 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 stock was sold at an average price of $90.39, for a total transaction 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 represents a 25.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Adtalem Global Education

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its position in shares of Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after buying an additional 65,945 shares during the period. Renaissance Technologies LLC grew its stake in shares of Adtalem Global Education by 34.3% in the second quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock valued at $12,742,000 after buying an additional 47,700 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Adtalem Global Education during the 3rd quarter valued at about $2,314,000. Sei Investments Co. lifted its position in Adtalem Global Education by 37.5% during the 2nd quarter. Sei Investments Co. now owns 111,265 shares of the company’s stock worth $7,589,000 after acquiring an additional 30,336 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after acquiring an additional 28,698 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.