Short Interest in Adtalem Global Education Inc. (NYSE:ATGE) Decreases By 8.9%

Adtalem Global Education Inc. (NYSE:ATGE) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,330,000 shares, a decrease of 8.9% from the August 15th total of 1,460,000 shares. Based on an average daily trading volume, of 499,100 shares, the short-interest ratio is presently 2.7 days. Approximately 3.6% of the company’s shares are short sold.

Adtalem Global Education Stock Down 0.1 %

ATGE stock traded down $0.06 during trading hours on Wednesday, reaching $73.57. 438,245 shares of the stock were exchanged, compared to its average volume of 490,524. The firm’s 50-day moving average is $74.21 and its 200-day moving average is $63.45. Adtalem Global Education has a 12 month low of $41.89 and a 12 month high of $80.18. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. Adtalem Global Education’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. On average, equities research analysts expect that Adtalem Global Education will post 5.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATGE has been the subject of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th. StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets lifted their price objective on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, August 8th.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction 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 sale, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was 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 approximately $355,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 owns 105,085 shares in the company, valued at $7,944,426. The disclosure for this sale can be found here. Insiders have sold 148,440 shares of company stock worth $10,889,450 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

A number of large investors have recently modified their holdings of ATGE. Sanctuary Advisors LLC bought a new stake in Adtalem Global Education during the second quarter worth about $670,000. Quarry LP bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $43,000. Algert Global LLC boosted its holdings in shares of Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock valued at $8,356,000 after buying an additional 28,698 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Adtalem Global Education by 23.4% in the second quarter. Mackenzie Financial Corp now owns 40,311 shares of the company’s stock valued at $2,750,000 after buying an additional 7,632 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after buying an additional 283 shares during the last quarter. 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.