Adtalem Global Education (NYSE:ATGE) Reaches New 12-Month High at $68.13

Shares of Adtalem Global Education Inc. (NYSE:ATGE) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $68.13 and last traded at $67.90, with a volume of 49351 shares trading hands. The stock had previously closed at $65.98.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATGE. Barrington Research increased their target price on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird increased their price target on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

Adtalem Global Education Price Performance

The stock has a market cap of $2.57 billion, a PE ratio of 25.70, a P/E/G ratio of 0.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76. The business has a fifty day moving average of $61.62 and a 200 day moving average of $55.98.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The firm had revenue of $412.70 million during the quarter, compared to the consensus estimate of $391.68 million. During the same quarter in the prior year, the business posted $1.13 earnings per share. Adtalem Global Education’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that Adtalem Global Education Inc. will post 4.9 earnings per share for the current year.

Insiders Place Their Bets

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 946 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was 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 of the company’s stock, valued at approximately $397,130. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ATGE. DekaBank Deutsche Girozentrale acquired a new stake in shares of Adtalem Global Education during the 1st quarter worth approximately $53,000. Price T Rowe Associates Inc. MD raised its position in shares of Adtalem Global Education by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,639 shares of the company’s stock worth $1,627,000 after purchasing an additional 1,197 shares during the period. Lazard Asset Management LLC raised its position in shares of Adtalem Global Education by 111,288.6% during the 1st quarter. Lazard Asset Management LLC now owns 49,011 shares of the company’s stock worth $2,518,000 after purchasing an additional 48,967 shares during the period. Ariel Investments LLC raised its position 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 during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Adtalem Global Education by 43.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 91,441 shares of the company’s stock worth $4,703,000 after purchasing an additional 27,568 shares during the period. 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.