Adtalem Global Education (NYSE:ATGE) Sets New 1-Year High – Still a Buy?

Adtalem Global Education Inc. (NYSE:ATGE)’s share price reached a new 52-week high on Wednesday . The company traded as high as $97.99 and last traded at $96.84, with a volume of 31466 shares. The stock had previously closed at $95.71.

Wall Street Analyst Weigh In

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

Adtalem Global Education Stock Up 0.1 %

The company has a market cap of $3.66 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.04 and a beta of 0.96. 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 company’s 50-day moving average is $90.83 and its two-hundred day moving average is $80.06.

Adtalem Global Education (NYSE:ATGE) last posted its 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 net margin of 10.55% and a return on equity of 15.63%. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now owns 11,659 shares in the company, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATGE. USA Financial Formulas purchased a new position in shares of Adtalem Global Education during the 4th quarter valued at $26,000. Meeder Asset Management Inc. purchased a new position in shares of Adtalem Global Education during the 3rd quarter valued at $27,000. Quarry LP purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at $43,000. GAMMA Investing LLC lifted its stake in shares of Adtalem Global Education by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after buying an additional 483 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Adtalem Global Education during the 3rd quarter valued at $123,000. Hedge funds and other institutional investors 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.