Adtalem Global Education (NYSE:ATGE) Hits New 1-Year High – Here’s What Happened

Adtalem Global Education Inc. (NYSE:ATGE) shares hit a new 52-week high on Wednesday . The stock traded as high as $87.30 and last traded at $86.44, with a volume of 35812 shares traded. The stock had previously closed at $81.28.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their price target on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research increased their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th.

Adtalem Global Education Stock Performance

The firm’s 50 day moving average price is $74.92 and its 200-day moving average price is $70.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $3.42 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.91 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. Adtalem Global Education’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. On average, research analysts expect that Adtalem Global Education Inc. will post 5.9 EPS for the current year.

Insider Activity at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 24,637 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Adtalem Global Education news, Director Lisa W. Wardell sold 28,301 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at approximately $7,959,137.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,944,426. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,110 shares of company stock valued at $6,074,681. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Adtalem Global Education

A number of hedge funds and other institutional investors have recently made changes to their positions in ATGE. Pacer Advisors Inc. increased its holdings in shares of Adtalem Global Education by 81,701.2% during the 2nd 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. LSV Asset Management increased its holdings in Adtalem Global Education by 2,360.6% in the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after purchasing an additional 618,466 shares during the last quarter. Ariel Investments LLC increased its holdings in Adtalem Global Education by 11.1% in the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after purchasing an additional 306,699 shares during the last quarter. Vanguard Group Inc. increased its holdings in Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after purchasing an additional 100,705 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after purchasing an additional 65,945 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.