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

Adtalem Global Education (NYSE:ATGE) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also recently commented on the company. BMO Capital Markets lifted their price target on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and set a $90.00 price target on shares of Adtalem Global Education in a report on Thursday, August 29th.

Adtalem Global Education Price Performance

ATGE stock opened at $75.37 on Wednesday. The stock has a 50-day moving average price of $74.27 and a two-hundred day moving average price of $65.30. The stock has a market cap of $2.83 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. Adtalem Global Education has a 1 year low of $41.89 and a 1 year high of $80.18.

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

Insider Activity

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now directly owns 94,804 shares in the company, valued at approximately $6,779,434.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,440 shares of company stock worth $10,889,450. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after buying an additional 100,705 shares during the last quarter. Ariel Investments LLC raised its stake in Adtalem Global Education by 11.1% during 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. Pacer Advisors Inc. raised its stake in Adtalem Global Education by 81,701.2% during the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock worth $90,725,000 after buying an additional 1,328,462 shares during the last quarter. Capital World Investors bought a new position in Adtalem Global Education during the fourth quarter worth $57,787,000. Finally, Goldman Sachs Group Inc. raised its stake in Adtalem Global Education by 13.5% during 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. Institutional investors and hedge funds 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.