Adtalem Global Education (NYSE:ATGE) Receives “Outperform” Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Adtalem Global Education (NYSE:ATGE) in a research report report published on Tuesday morning, Benzinga reports. They currently have a $65.00 price objective on the stock.

Separately, StockNews.com lowered shares of Adtalem Global Education from a strong-buy rating to a buy rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $56.67.

Adtalem Global Education Stock Up 0.4 %

ATGE stock opened at $47.03 on Tuesday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.67 and a beta of 0.92. The firm has a 50-day simple moving average of $48.73 and a 200-day simple moving average of $52.69. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Adtalem Global Education has a 52 week low of $33.59 and a 52 week high of $62.99.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $393.24 million for the quarter, compared to analyst estimates of $372.79 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. Adtalem Global Education’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Equities analysts forecast that Adtalem Global Education will post 4.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adtalem Global Education

Several institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Adtalem Global Education by 13.5% in the 4th 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 during the last quarter. Virtu Financial LLC purchased a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $585,000. Bridgewater Associates LP raised its stake in shares of Adtalem Global Education by 125.3% in the 4th quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock valued at $13,369,000 after acquiring an additional 126,114 shares during the period. Intrinsic Edge Capital Management LLC raised its stake in shares of Adtalem Global Education by 26.6% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 310,078 shares of the company’s stock valued at $18,279,000 after acquiring an additional 65,201 shares during the period. Finally, CenterBook Partners LP purchased a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $603,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.