Adtalem Global Education (NYSE:ATGE) trades up 2.6%


Adtalem Global Education Inc. (NYSE:ATGEGet a rating) the stock price rose 2.6% on Friday. The company traded as high as $39.37 and last traded at $39.33. About 6,693 shares changed hands during trading, down 98% from the average daily volume of 379,285 shares. The stock previously closed at $38.35.

Changes to analyst ratings

A number of analysts have weighed in on ATGE shares recently. 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 research report. Robert W. Baird raised his price target on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 research report.

Adtalem Global Education Price Performance

The company has a market capitalization of $1.78 billion, a P/E ratio of 6.10, a price-to-earnings growth ratio of 0.63 and a beta of 1.02. The company has a fifty-day moving average of $37.07 and a 200-day moving average of $31.44. The company has a debt ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

Adtalem Global Education (NYSE:ATGEGet a rating) last released its quarterly earnings data on Thursday, August 11. The company reported earnings per share (EPS) of $1.31 for the quarter, beating analyst consensus estimates of $1.25 by $0.06. Adtalem Global Education achieved a return on equity of 12.38% and a net margin of 21.97%. The company posted revenue of $361.23 million in the quarter, compared to analyst estimates of $348.90 million. During the same period of the previous year, the company posted EPS of $0.70. The company’s revenue for the quarter increased by 61.6% compared to the same quarter last year. On average, sell-side analysts expect Adtalem Global Education Inc. to post EPS of 4.08 for the current fiscal year.

Insider buying and selling

In other news from Adtalem Global Education, Director William V. Krehbiel acquired 10,000 shares of the company in a transaction that took place on Tuesday, June 14. The shares were acquired at an average cost of $31.67 per share, with a total value of $316,700.00. Following the acquisition, the director now directly owns 10,000 shares of the company, valued at approximately $316,700. The transaction was disclosed in an SEC filing, which is available via the SEC website. Company insiders hold 2.75% of the company’s stock.

Hedge funds weigh on Adtalem Global Education

A number of institutional investors and hedge funds have recently increased or reduced their stake in the company. Walleye Capital LLC increased its stake in Adtalem Global Education by 26.7% during the 2nd quarter. Walleye Capital LLC now owns 8,591 shares of the company valued at $309,000 after purchasing an additional 1,808 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Adtalem Global Education by 1,102.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 922,481 shares of the company valued at $33,182,000 after purchasing an additional 845,743 shares last quarter. Centiva Capital LP bought a new position in Adtalem Global Education during the 2nd quarter at a value of $216,000. Captrust Financial Advisors increased its stake in Adtalem Global Education by 60.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,634 shares of the company valued at $167,000 after buying 1,753 additional shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Adtalem Global Education during the 2nd quarter at a value of $2,228,000. 98.59% of the shares are held by institutional investors.

Adtalem Global Education Company Profile

(Get a rating)

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

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