Adtalem Global Education (NYSE:ATGE) Sets New 1-Year High on Better-Than-Expected Earnings

Adtalem Global Education Inc. (NYSE:ATGE) shares reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $101.45 and last traded at $101.44, with a volume of 507 shares traded. The stock had previously closed at $99.86.

The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%.

Analysts Set New Price Targets

A number of research analysts recently commented on ATGE shares. Barrington Research raised their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In other news, Director William W. Burke sold 4,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares in the company, valued at $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantinno Capital Management LP lifted its holdings in shares of Adtalem Global Education by 4.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock worth $231,000 after acquiring an additional 126 shares during the last quarter. GAMMA Investing LLC lifted its stake in Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after purchasing an additional 177 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after buying an additional 192 shares during the period. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education in the 4th quarter worth $26,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Adtalem Global Education by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after buying an additional 283 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

The firm has a 50 day moving average price of $93.34 and a 200 day moving average price of $82.44. The stock has a market cap of $4.01 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

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.