Adtalem Global Education (NYSE:ATGE) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Adtalem Global Education (NYSE:ATGE) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

Several other equities research analysts have also recently weighed in on the company. Barrington Research upped their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $98.77 on Tuesday. The company has a market cap of $3.68 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50 day moving average price is $100.10 and its 200-day moving average price is $88.47. Adtalem Global Education has a fifty-two week low of $45.18 and a fifty-two week high of $112.44.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Sell-side analysts predict that Adtalem Global Education will post 6.2 earnings per share for the current year.

Insider Activity

In other news, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the sale, the director now directly owns 12,844 shares of the company’s stock, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock valued at $1,386,048. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

Several institutional investors and hedge funds have recently modified their holdings of ATGE. USA Financial Formulas acquired a new position in shares of Adtalem Global Education during the 4th quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in Adtalem Global Education during the 3rd quarter valued at approximately $27,000. R Squared Ltd purchased a new stake in Adtalem Global Education during the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust raised its stake in shares of Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after buying an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after buying an additional 634 shares in the last quarter. 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.