Adtalem Global Education (NYSE:ATGE) Given “Outperform” Rating at Barrington Research

Adtalem Global Education (NYSE:ATGE)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $120.00 price objective on the stock. Barrington Research’s price objective points to a potential upside of 12.15% from the company’s current price.

Several other research analysts have also recently issued reports on ATGE. BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

Adtalem Global Education Stock Up 0.6 %

Shares of Adtalem Global Education stock opened at $107.00 on Tuesday. Adtalem Global Education has a one year low of $45.86 and a one year high of $112.44. The company has a market cap of $3.99 billion, a P/E ratio of 19.93, a PEG ratio of 1.05 and a beta of 0.91. 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 firm has a fifty day moving average of $100.83 and a two-hundred day moving average of $92.56.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, analysts forecast that Adtalem Global Education will post 6.2 earnings per share for the current year.

Insiders Place Their Bets

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 shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares of the company’s stock, 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 at this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adtalem Global Education

Hedge funds have recently bought and sold shares of the stock. NorthCrest Asset Manangement LLC purchased a new stake in shares of Adtalem Global Education in the first quarter valued at $618,000. Fifth Third Bancorp increased its position in Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. USA Financial Formulas raised its stake in Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company’s stock valued at $89,000 after purchasing an additional 606 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Adtalem Global Education by 29.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 37,917 shares of the company’s stock valued at $3,816,000 after purchasing an additional 8,517 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 17.5% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock worth $173,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.