Short Interest in Adtalem Global Education Inc. (NYSE:ATGE) Expands By 11.4%

Adtalem Global Education Inc. (NYSE:ATGE) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,240,000 shares, a growth of 11.4% from the June 30th total of 2,010,000 shares. Based on an average daily volume of 477,200 shares, the days-to-cover ratio is currently 4.7 days. Approximately 6.1% of the company’s stock are short sold.

Insider Buying and Selling

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 946 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total value of $62,199.50. Following the completion of the sale, the chief accounting officer now owns 6,040 shares in the company, valued at $397,130. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd increased its stake in Adtalem Global Education by 7,430.0% during the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Adtalem Global Education in the first quarter valued at approximately $53,000. Blue Trust Inc. boosted its position in shares of Adtalem Global Education by 41.4% in the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after acquiring an additional 305 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Adtalem Global Education in the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Trading Down 0.1 %

NYSE:ATGE traded down $0.06 during mid-day trading on Monday, hitting $78.75. 358,732 shares of the company’s stock were exchanged, compared to its average volume of 505,616. The company has a 50 day simple moving average of $68.56 and a 200-day simple moving average of $58.07. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. Adtalem Global Education has a fifty-two week low of $41.79 and a fifty-two week high of $80.18. The firm has a market capitalization of $2.96 billion, a P/E ratio of 29.61, a PEG ratio of 0.92 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.16 by $0.34. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The business had revenue of $412.70 million for the quarter, compared to the consensus estimate of $391.68 million. During the same period last year, the company earned $1.13 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts expect that Adtalem Global Education will post 4.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of research reports. Barrington Research raised their target price on shares of Adtalem Global Education from $70.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Robert W. Baird raised their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

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.