StockNews.com Downgrades Adtalem Global Education (NYSE:ATGE) to Buy

Adtalem Global Education (NYSE:ATGE) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Several other research analysts have also commented on the company. Barrington Research reissued an “outperform” rating and set a $90.00 price objective on shares of Adtalem Global Education in a report on Thursday, August 29th. BMO Capital Markets boosted their price objective on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th.

Adtalem Global Education Stock Down 2.8 %

ATGE stock opened at $75.28 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2.84 billion, a PE ratio of 28.30, a PEG ratio of 0.90 and a beta of 0.95. Adtalem Global Education has a twelve month low of $41.89 and a twelve month high of $80.18. The stock has a 50-day simple moving average of $74.52 and a two-hundred day simple moving average of $64.47.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $409.91 million during the quarter, compared to analyst estimates of $398.64 million. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, equities analysts predict that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares in the company, valued at approximately $355,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the sale, the director now owns 94,804 shares in the company, valued at $6,779,434.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,440 shares of company stock valued at $10,889,450. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in shares of Adtalem Global Education during the second quarter valued at approximately $670,000. Quarry LP bought a new position in Adtalem Global Education in the second quarter worth $43,000. Algert Global LLC raised its holdings in Adtalem Global Education by 30.6% in the second quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after purchasing an additional 28,698 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Adtalem Global Education by 23.4% in the second quarter. Mackenzie Financial Corp now owns 40,311 shares of the company’s stock worth $2,750,000 after purchasing an additional 7,632 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings 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 worth $1,443,000 after purchasing an additional 283 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

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.