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 report released on Thursday.

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

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $93.89 on Thursday. The firm has a market cap of $3.50 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education has a 1-year low of $45.18 and a 1-year high of $112.43. The firm has a fifty day moving average of $99.57 and a two-hundred day moving average of $86.98.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, research analysts anticipate that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock worth $1,386,048 in the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Trading of Adtalem Global Education

A number of hedge funds and other institutional investors have recently made changes to their positions in ATGE. New York State Teachers Retirement System raised its position in shares of Adtalem Global Education by 1.2% during the 3rd quarter. New York State Teachers Retirement System now owns 54,154 shares of the company’s stock worth $4,088,000 after buying an additional 641 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $1,047,000. Atria Investments Inc raised its position in shares of Adtalem Global Education by 32.6% during the 3rd quarter. Atria Investments Inc now owns 4,721 shares of the company’s stock worth $356,000 after buying an additional 1,162 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $219,000. Finally, Peregrine Asset Advisers Inc. raised its holdings in shares of Adtalem Global Education by 33.5% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock worth $6,425,000 after purchasing an additional 21,373 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Company Profile

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.