Adtalem Global Education (NYSE:ATGE) Sets New 52-Week High – Here’s What Happened

Adtalem Global Education Inc. (NYSE:ATGE)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $100.05 and last traded at $98.76, with a volume of 14677 shares changing hands. The stock had previously closed at $98.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research increased their price objective on shares of Adtalem Global Education from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Stock Down 0.3 %

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 $3.67 billion, a P/E ratio of 22.41, a P/E/G ratio of 1.11 and a beta of 0.96. The stock has a fifty day moving average price of $91.12 and a two-hundred day moving average price of $80.67.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share 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 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 company earned $0.93 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. Research analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Insider Activity

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares of the company’s stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds and other institutional investors have recently bought and sold shares of ATGE. State Street Corp raised its holdings in Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares during the period. Wellington Management Group LLP raised its stake in shares of Adtalem Global Education by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after acquiring an additional 6,842 shares in the last quarter. Renaissance Technologies LLC grew its stake in Adtalem Global Education by 34.3% in the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock valued at $12,742,000 after buying an additional 47,700 shares during the last quarter. Algert Global LLC raised its holdings in Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after acquiring an additional 28,698 shares during the period. Finally, Sei Investments Co. lifted its position in Adtalem Global Education by 37.5% during the 2nd quarter. Sei Investments Co. now owns 111,265 shares of the company’s stock worth $7,589,000 after acquiring an additional 30,336 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.