Adtalem Global Education (NYSE:ATGE) Downgraded to Buy Rating by StockNews.com

Adtalem Global Education (NYSE:ATGE) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

A number of other brokerages have also recently commented on ATGE. Barrington Research increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $100.32 on Thursday. Adtalem Global Education has a 52-week low of $45.18 and a 52-week high of $112.43. The company has a fifty day moving average of $99.38 and a 200-day moving average of $86.88. The company has a market capitalization of $3.74 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, equities research analysts predict that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock worth $1,386,048 in the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently bought and sold shares of the business. USA Financial Formulas purchased a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education during the 3rd quarter valued at $27,000. R Squared Ltd bought a new position in Adtalem Global Education in the 4th quarter worth $70,000. Parkside Financial Bank & Trust raised its holdings in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after purchasing an additional 634 shares in 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.