Short-term stake in Adtalem Global Education Inc. (NYSE:ATGE) increases 215.5%

Adtalem Global Education Inc. (NYSE: ATGE – Get a rating) benefited from significant growth in short-term interest in March. As of March 15, there was short interest totaling 6,940,000 shares, up 215.5% from February 28’s total of 2,200,000 shares. Based on an average trading volume of 425,800 shares, the day-to-cover ratio is currently 16.3 days. About 14.4% of the stock’s shares are sold short.

A number of equity analysts have published reports on ATGE shares. Zacks Investment Research downgraded Adtalem Global Education from a “hold” rating to a “strong sell” rating and set a target price of $20.00 for the stock. in a report on Tuesday, February 15. BMO Capital Markets lowered its target price on Adtalem Global Education from $37.00 to $32.00 in a Thursday, February 10 research report.

Shares of ATGE rose $0.23 during Friday’s trading, hitting $30.08. 329,675 shares of the company were traded, against an average volume of 389,980. The company has a quick ratio of 1.23, a current ratio of 1.23 and a leverage ratio of 1.24. Adtalem Global Education has a twelve month minimum of $19.14 and a twelve month maximum of $41.34. The company’s fifty-day moving average price is $25.86 and its 200-day moving average price is $30.89.

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Adtalem Global Education (NYSE: ATGE – Get a rating) last reported results on Tuesday, February 8. The company reported earnings per share of $0.75 for the quarter, missing analyst consensus estimates of $0.96 per ($0.21). Adtalem Global Education recorded a negative net margin of 0.51% and a positive return on equity of 10.93%. The company posted revenue of $371.20 million for the quarter, versus a consensus estimate of $419.27 million. In the same quarter a year earlier, the company posted earnings per share of $0.77. The company’s revenues increased by 58.4% compared to the same quarter last year. As a group, research analysts predict that Adtalem Global Education will post 3 EPS for the current year.

In other Adtalem Global Education news, Director Kenneth J. Phelan purchased 4,087 shares in a trade dated Thursday, February 10. The stock was purchased at an average price of $24.47 per share, for a total transaction of $100,008.89. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, Chairman Lisa W. Wardell purchased 4,020 shares in a transaction dated Thursday, February 10. The shares were acquired at an average price of $24.48 per share, with a total value of $98,409.60. Disclosure of this purchase can be found here. Insiders acquired 50,357 shares of the company valued at $1,189,521 during the last quarter. Company insiders hold 2.75% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. American Trust acquired a new position in Adtalem Global Education in Q4 worth approximately $214,000. Norges Bank acquired a new position in Adtalem Global Education in Q4 for a value of approximately $14,309,000. Barclays PLC increased its stake in Adtalem Global Education by 65.2% in Q4. Barclays PLC now owns 72,713 shares in the company worth $2,150,000 after buying a further 28,706 shares last quarter. BlackRock Inc. increased its stake in Adtalem Global Education by 3.6% in Q4. BlackRock Inc. now owns 7,898,398 shares of the company worth $233,476,000 after purchasing an additional 272,312 shares last quarter. Finally, Wells Fargo & Company MN increased its stake in Adtalem Global Education by 19.7% in the 4th quarter. Wells Fargo & Company MN now owns 51,405 shares of the company worth $1,519,000 after purchasing an additional 8,446 shares last quarter. 98.28% of the shares are held by institutional investors.

About Adtalem Global Education (Get a rating)

Adtalem Global Education, Inc is committed to providing workforce solutions. It operates through the following 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.

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