Stock market analysts at StockNews.com assumed hedging on the shares of Adtalem Global Education (NYSE: ATGE – Get a rating) in a research report released Wednesday. The company has placed a “holding” rating on the stock.
Other research analysts have also recently released reports on the stock. Robert W. Baird raised his target price on Adtalem Global Education shares from $31.00 to $40.00 in a Friday, August 12 report. Barrington Research raised its price target on Adtalem Global Education shares from $40.00 to $46.00 and gave the company an “outperform” rating in a Friday, August 12 report.
Adtalem Global Education trades up 0.1%
NYSE ATGE opened at $37.35 on Wednesday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 5.78, a P/E/G ratio of 0.60 and a beta of 0.98. Adtalem Global Education has a 52-week low of $19.14 and a 52-week high of $41.40. The company has a 50-day moving average price of $37.83 and a 200-day moving average price of $34.82. 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 results on Thursday, August 11. The company reported earnings per share (EPS) of $1.31 for the quarter, beating consensus analyst estimates 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 last year, the company posted earnings per share of $0.70. The company’s quarterly revenue increased by 61.6% compared to the same quarter last year. Equity research analysts expect Adtalem Global Education to post EPS of 4.08 for the current year.
Insider buying and selling
In other news, Director Lyle Logan sold 2,600 shares of the company in a trade on Thursday, September 15. The shares were sold at an average price of $38.14, for a total value of $99,164.00. Following the transaction, the administrator now owns 29,323 shares of the company, valued at approximately $1,118,379.22. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. 2.75% of the shares are held by insiders of the company.
Institutional investors weigh in on Adtalem Global Education
Several hedge funds and other institutional investors have recently changed their ATGE holdings. Nisa Investment Advisors LLC increased its holdings of Adtalem Global Education shares by 100.0% in Q2. Nisa Investment Advisors LLC now owns 1,050 shares of the company valued at $38,000 after purchasing an additional 525 shares during the period. US Bancorp DE increased its position in shares of Adtalem Global Education by 76.7% during the 1st quarter. 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 purchased a new stake in shares of Adtalem Global Education in Q2 for a value of approximately $68,000. Gladius Capital Management LP increased its equity 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 additional shares in the last quarter. Finally, GHE LLC purchased a new equity stake in Adtalem Global Education in Q2 for a value of approximately $77,000.
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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