Adtalem Global Education (NYSE:ATGE) Lowered to “Buy” Rating by StockNews.com

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

ATGE has been the topic of several other research reports. Barrington Research lifted their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Adtalem Global Education Stock Down 0.1 %

Adtalem Global Education stock opened at $97.25 on Tuesday. The company has a market capitalization of $3.62 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.05 and a beta of 0.95. The firm’s fifty day simple moving average is $99.86 and its 200-day simple moving average is $88.18. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education has a 1-year low of $45.18 and a 1-year high of $112.44.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Sell-side analysts forecast that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education 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 sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Adtalem Global Education in the fourth quarter worth about $3,532,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Adtalem Global Education by 23.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,782 shares of the company’s stock worth $8,066,000 after acquiring an additional 17,069 shares during the last quarter. Westport Asset Management Inc. bought a new position in shares of Adtalem Global Education in the fourth quarter worth about $11,425,000. Squarepoint Ops LLC bought a new position in shares of Adtalem Global Education in the fourth quarter worth about $1,177,000. Finally, Two Sigma Advisers LP bought a new position in shares of Adtalem Global Education in the fourth quarter worth about $1,208,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.