Adtalem Global Education (NYSE:ATGE) Hits New 52-Week High – What’s Next?

Shares of Adtalem Global Education Inc. (NYSE:ATGE) reached a new 52-week high during trading on Wednesday . The stock traded as high as $117.59 and last traded at $117.59, with a volume of 374 shares changing hands. The stock had previously closed at $90.80.

Wall Street Analysts Forecast Growth

ATGE has been the topic of a number of recent analyst reports. BMO Capital Markets upped their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research upped their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Adtalem Global Education Stock Up 1.8 %

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 business has a 50 day simple moving average of $80.74 and a 200 day simple moving average of $74.33. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the stock in a transaction on Friday, November 29th. The stock was 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 $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the transaction, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Several large investors have recently bought and sold shares of ATGE. Meeder Asset Management Inc. purchased a new position in shares of Adtalem Global Education during the third quarter worth about $27,000. Quarry LP acquired a new stake in shares of Adtalem Global Education during the second quarter worth about $43,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Adtalem Global Education during the first quarter worth about $53,000. GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Adtalem Global Education during the third quarter worth about $123,000. 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.