Adtalem Global Education (NYSE:ATGE) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of Adtalem Global Education (NYSE:ATGE) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

ATGE has been the subject of several other reports. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an outperform rating in a research note on Thursday, August 8th. Barrington Research reissued an outperform rating and issued a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th.

Adtalem Global Education Trading Up 0.4 %

Shares of NYSE:ATGE opened at $72.78 on Thursday. The stock has a market capitalization of $2.74 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 0.85 and a beta of 0.95. The company’s 50-day moving average price is $73.52 and its two-hundred day moving average price is $66.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. Adtalem Global Education has a one year low of $41.89 and a one year high of $80.18.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The business had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. Adtalem Global Education’s revenue was up 12.4% on a year-over-year basis. On average, equities analysts forecast that Adtalem Global Education will post 5.72 EPS for the current fiscal year.

Insider Activity at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares in the company, valued at approximately $355,888. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the sale, the director now directly owns 105,085 shares in the company, valued at $7,944,426. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at approximately $355,888. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,440 shares of company stock worth $10,889,450. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after buying an additional 100,705 shares in the last quarter. Ariel Investments LLC grew its holdings in shares of Adtalem Global Education by 11.1% during the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock worth $158,277,000 after purchasing an additional 306,699 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock worth $90,725,000 after purchasing an additional 1,328,462 shares during the period. Goldman Sachs Group Inc. raised its stake in Adtalem Global Education by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock valued at $44,586,000 after purchasing an additional 90,161 shares in the last quarter. Finally, LSV Asset Management lifted its position in Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock worth $43,973,000 after purchasing an additional 618,466 shares during the period. 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.