Several other research analysts have also weighed in on the company recently. Barrington Research raised its target price on Adtalem Global Education from $46.00 to $48.00 in a research note on Friday. Robert W. Baird raised his price target on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 research note.
Adtalem Global Education share performance
ATGE traded at $0.41 during Friday’s trading, reaching $42.27. 550,480 shares were traded, against an average volume of 444,023. The company has a market capitalization of $1.92 billion, a P/E ratio of 6.54, a PEG ratio of 0.68 and a beta of 1.01. Adtalem Global Education has a 1-year minimum of $19.14 and a 1-year maximum of $43.88. The stock has a fifty-day moving average price of $38.07 and a two-hundred-day moving average price of $35.91. 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 announced its results on Thursday, November 3. The company reported earnings per share of $0.88 for the quarter, beating the consensus estimate of $0.75 by $0.13. Adtalem Global Education achieved a return on equity of 12.38% and a net margin of 21.97%. The company posted revenue of $354.56 million for the quarter, versus a consensus estimate of $353.41 million. During the same period last year, the company posted EPS of $0.62. The company’s revenue increased 22.7% year over year. As a group, sell-side analysts expect Adtalem Global Education to post earnings per share of 4.08 for the current year.
Insider Activity at Adtalem Global Education
In related news, Director Lyle Logan sold 2,600 shares of Adtalem Global Education in a trade on Thursday, September 15. The stock was sold at an average price of $38.14, for a total transaction 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 legal filing with the SEC, accessible via the SEC website. Insiders of the company hold 3.30% of the shares of the company.
Hedge funds weigh on Adtalem Global Education
Several hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Portformulas Corp acquired a new position in shares of Adtalem Global Education in the third quarter worth $34,000. Nisa Investment Advisors LLC increased its holdings of Adtalem Global Education shares by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company worth $38,000 after acquiring 525 additional shares in the last quarter. US Bancorp DE increased its holdings of Adtalem Global Education shares by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company worth $53,000 after acquiring 775 additional shares in the last quarter. Gladius Capital Management LP increased its holdings of Adtalem Global Education shares by 18.2% in the first quarter. Gladius Capital Management LP now owns 2,264 shares of the company worth $68,000 after acquiring 348 additional shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new position in shares of Adtalem Global Education in the second quarter worth $68,000.
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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