Adtalem Global Education (NYSE:ATGE) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Adtalem Global Education (NYSE:ATGE) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

A number of other research firms have also recently commented on ATGE. Barrington Research restated an outperform rating and issued a $90.00 price target on shares of Adtalem Global Education in a report on Thursday, August 29th. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an outperform rating in a research note on Thursday, August 8th.

Adtalem Global Education Trading Up 1.6 %

NYSE:ATGE opened at $73.10 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 0.90 and a beta of 0.95. The firm has a fifty day simple moving average of $74.06 and a two-hundred day simple moving average of $65.40. Adtalem Global Education has a 12 month low of $41.89 and a 12 month high of $80.18.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. Analysts expect that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 24,637 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the sale, the director now directly owns 105,085 shares in the company, valued at approximately $7,944,426. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,440 shares of company stock valued at $10,889,450. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Adtalem Global Education

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in Adtalem Global Education by 133.8% in the first quarter. BNP Paribas Financial Markets now owns 47,394 shares of the company’s stock worth $2,436,000 after acquiring an additional 27,124 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Adtalem Global Education in the first quarter worth about $565,000. Bridgewater Associates LP increased its stake in shares of Adtalem Global Education by 125.3% in the fourth quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock worth $13,369,000 after purchasing an additional 126,114 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Adtalem Global Education by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after purchasing an additional 100,705 shares in the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of Adtalem Global Education in the first quarter worth about $935,000. Institutional investors own 98.84% of the company’s stock.

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 postsecondary education industry. This segment operates Chamberlain University.