Adtalem Global Education Inc (NYSE:ATGE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.80 and last traded at $58.26, with a volume of 6329 shares trading hands. The stock had previously closed at $58.16.
ATGE has been the topic of several analyst reports. Barrington Research reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Adtalem Global Education in a research report on Friday, October 5th. BMO Capital Markets increased their price target on Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Zacks Investment Research raised Adtalem Global Education from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 17th. Piper Jaffray Companies increased their price target on Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Finally, Robert W. Baird increased their price target on Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $58.20.
The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.61.
In other news, insider Mehul R. Patel sold 631 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $57.88, for a total value of $36,522.28. Following the completion of the sale, the insider now directly owns 8,355 shares in the company, valued at approximately $483,587.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donna Jennings sold 4,302 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $55.70, for a total value of $239,621.40. Following the completion of the sale, the insider now owns 13,893 shares of the company’s stock, valued at $773,840.10. The disclosure for this sale can be found here. Insiders have sold a total of 110,652 shares of company stock worth $5,661,612 over the last three months. Insiders own 1.91% of the company’s stock.
Several large investors have recently bought and sold shares of ATGE. Millennium Management LLC increased its stake in shares of Adtalem Global Education by 307.9% in the 1st quarter. Millennium Management LLC now owns 26,867 shares of the company’s stock worth $1,278,000 after purchasing an additional 20,280 shares in the last quarter. Principal Financial Group Inc. increased its stake in Adtalem Global Education by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 278,287 shares of the company’s stock worth $13,233,000 after buying an additional 5,983 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Adtalem Global Education by 22.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 10,495 shares of the company’s stock worth $505,000 after buying an additional 1,900 shares in the last quarter. Calamos Advisors LLC increased its stake in Adtalem Global Education by 13.8% in the 2nd quarter. Calamos Advisors LLC now owns 659,884 shares of the company’s stock worth $31,740,000 after buying an additional 79,883 shares in the last quarter. Finally, Sit Investment Associates Inc. purchased a new stake in Adtalem Global Education in the 2nd quarter worth $676,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.
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Adtalem Global Education Company Profile (NYSE:ATGE)
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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