Adtalem Global Education (NYSE:ATGE) Sets New 1-Year High at $68.13

Shares of Adtalem Global Education Inc. (NYSE:ATGE) hit a new 52-week high on Friday . The stock traded as high as $68.13 and last traded at $67.90, with a volume of 49351 shares. The stock had previously closed at $65.98.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Barrington Research increased their price objective on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd.

Adtalem Global Education Trading Up 3.4 %

The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 0.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76. The business’s 50-day simple moving average is $62.06 and its two-hundred day simple moving average is $56.00.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. The firm had revenue of $412.70 million for the quarter, compared to analysts’ expectations of $391.68 million. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. Adtalem Global Education’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 earnings per share. On average, research analysts anticipate that Adtalem Global Education Inc. will post 4.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 946 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total transaction of $62,199.50. Following the transaction, the chief accounting officer now directly owns 6,040 shares of the company’s stock, valued at $397,130. The sale was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Adtalem Global Education

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after purchasing an additional 100,705 shares during the period. Ariel Investments LLC increased its stake in shares of Adtalem Global Education by 11.1% in the first quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock worth $158,277,000 after buying an additional 306,699 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Adtalem Global Education by 396.5% in the third quarter. Wellington Management Group LLP now owns 1,019,094 shares of the company’s stock worth $43,668,000 after buying an additional 813,849 shares during the last quarter. Capital World Investors bought a new stake in shares of Adtalem Global Education in the fourth quarter worth $57,787,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Adtalem Global Education by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock worth $44,586,000 after buying an additional 90,161 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

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.