Adtalem Global Education Inc. (NYSE: ATGE – Get a rating) saw a significant decline in short-term interest rates in the month of September. As of September 15, there was short interest totaling 3,260,000 shares, down 11.2% from the August 31 total of 3,670,000 shares. Currently, 7.4% of the company’s shares are sold short. Based on an average trading volume of 379,000 shares, the short-term interest rate ratio is currently 8.6 days.
Insider buying and selling
In related news, manager Lyle Logan sold 2,600 shares in a trade that took place on Thursday, September 15. The stock was sold at an average price of $38.14, for a total value of $99,164.00. Following completion of the transaction, the administrator now directly owns 29,323 shares of the company, valued at $1,118,379.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. 2.75% of the shares are currently held by insiders of the company.
Adtalem Global Education Institutional Trading
A number of institutional investors have recently increased or reduced their stake in the company. Nisa Investment Advisors LLC increased its stake in Adtalem Global Education by 100.0% in Q2. Nisa Investment Advisors LLC now owns 1,050 shares of the company worth $38,000 after purchasing an additional 525 shares in the last quarter. US Bancorp DE increased its stake in Adtalem Global Education by 76.7% in Q1. US Bancorp DE now owns 1,786 shares of the company worth $53,000 after buying an additional 775 shares last quarter. Prospera Financial Services Inc acquired a new position in Adtalem Global Education in Q2 worth $68,000. Gladius Capital Management LP increased its stake in Adtalem Global Education by 18.2% in Q1. Gladius Capital Management LP now owns 2,264 shares of the company worth $68,000 after buying 348 more shares last quarter. Finally, GHE LLC acquired a new equity stake in Adtalem Global Education in Q2 valued at approximately $77,000.
Adtalem Global Education Stock down 1.5%
NYSE ATGE shares opened at $36.45 on Friday. Adtalem Global Education has a 52-week low of $19.14 and a 52-week high of $41.40. The company has a fifty-day moving average of $38.21 and a 200-day moving average of $34.34. The stock has a market capitalization of $1.65 billion, a PE ratio of 5.64, a P/E/G ratio of 0.60 and a beta of 1.03. The company has a quick ratio of 1.33, a current ratio of 1.33 and a leverage ratio of 0.56.
Adtalem Global Education (NYSE: ATGE – Get a rating) last reported quarterly earnings data on Thursday, August 11. The company reported earnings per share (EPS) of $1.31 for the quarter, beating the consensus estimate of $1.28 by $0.03. Adtalem Global Education achieved a net margin of 21.97% and a return on equity of 12.38%. The company posted revenue of $361.23 million in the quarter, compared to $348.90 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.70. The company’s quarterly revenue increased by 61.6% compared to the same quarter last year. On average, analysts expect Adtalem Global Education to post EPS of 4.08 for the current year.
Wall Street analysts predict growth
ATGE has been the subject of several analyst reports. Robert W. Baird raised his price target on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 research note. Barrington Research raised its price target on Adtalem Global Education from $40.00 to $46.00 and gave the stock an “outperform” rating in a Friday, August 12 report.
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 post-secondary education sector. This segment operates Chamberlain University.
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