Adtalem Global Education (ATGE) Sets New 12-Month High at $58.80

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.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The firm had revenue of $284.19 million for the quarter, compared to analysts’ expectations of $296.12 million. Adtalem Global Education had a return on equity of 11.43% and a net margin of 0.89%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. As a group, equities analysts anticipate that Adtalem Global Education Inc will post 2.85 EPS for the current year.

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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