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

Adtalem Global Education (NYSE:ATGE) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

A number of other brokerages have also recently commented on ATGE. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday. Barrington Research reiterated an “outperform” rating and set a $90.00 target price on shares of Adtalem Global Education in a report on Wednesday. Finally, Robert W. Baird lifted their price target on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd.

Adtalem Global Education Price Performance

Shares of ATGE stock traded up $3.26 on Thursday, reaching $71.51. The company’s stock had a trading volume of 615,635 shares, compared to its average volume of 510,627. The company has a market capitalization of $2.69 billion, a P/E ratio of 26.88, a PEG ratio of 0.90 and a beta of 0.97. Adtalem Global Education has a 12-month low of $41.79 and a 12-month high of $80.18. The stock’s 50 day simple moving average is $70.03 and its 200-day simple moving average is $58.94. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The business had revenue of $409.91 million for the quarter, compared to the consensus estimate of $398.64 million. During the same period last year, the firm posted $1.03 earnings per share. Adtalem Global Education’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities analysts predict that Adtalem Global Education will post 4.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 946 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total transaction of $62,199.50. Following the transaction, the chief accounting officer now owns 6,040 shares in the company, valued at $397,130. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its holdings in Adtalem Global Education by 19.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after purchasing an additional 210 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of Adtalem Global Education by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock worth $1,343,000 after acquiring an additional 233 shares during the period. ProShare Advisors LLC grew its position in shares of Adtalem Global Education by 5.7% during the first quarter. ProShare Advisors LLC now owns 7,889 shares of the company’s stock worth $405,000 after purchasing an additional 423 shares in the last quarter. GAMMA Investing LLC raised its stake in Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares during the period. Finally, Clear Creek Financial Management LLC lifted its holdings in Adtalem Global Education by 3.4% in the 2nd quarter. Clear Creek Financial Management LLC now owns 13,378 shares of the company’s stock worth $913,000 after purchasing an additional 441 shares in 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.