Adtalem Global Education (NYSE:ATGE) Shares Gap Up Following Strong Earnings

Adtalem Global Education Inc. (NYSE:ATGE)’s share price gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $102.42, but opened at $109.90. Adtalem Global Education shares last traded at $110.51, with a volume of 55,093 shares trading hands.

The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ATGE shares. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barrington Research boosted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. USA Financial Formulas bought a new stake in shares of Adtalem Global Education in the fourth quarter worth $26,000. Meeder Asset Management Inc. bought a new stake in shares of Adtalem Global Education in the third quarter worth $27,000. Quarry LP bought a new stake in shares of Adtalem Global Education in the second quarter worth $43,000. R Squared Ltd bought a new stake in shares of Adtalem Global Education in the fourth quarter worth $70,000. Finally, GAMMA Investing LLC lifted its position in shares of Adtalem Global Education by 60.1% in the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock worth $97,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

The stock’s 50-day moving average price is $93.34 and its 200 day moving average price is $82.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $4.01 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96.

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.