Adtalem Global Education (ATGE) Reaches New 12-Month High at $46.20
Adtalem Global Education Inc (NYSE:ATGE) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $46.20 and last traded at $44.95, with a volume of 512200 shares traded. The stock had previously closed at $45.10.
ATGE has been the topic of several research analyst reports. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub raised Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. BMO Capital Markets boosted their target price on Adtalem Global Education from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Piper Jaffray Companies reissued a “buy” rating and issued a $59.00 target price on shares of Adtalem Global Education in a report on Monday, December 4th. Finally, Robert W. Baird reissued a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.50.
The company has a market capitalization of $2,810.00, a price-to-earnings ratio of 26.89, a PEG ratio of 1.88 and a beta of 0.98. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08.
Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.16). The company had revenue of $421.03 million during the quarter, compared to analyst estimates of $428.00 million. Adtalem Global Education had a net margin of 6.17% and a return on equity of 10.24%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. equities analysts expect that Adtalem Global Education Inc will post 2.84 EPS for the current year.
In other news, insider Carlos Filgueiras sold 2,325 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the transaction, the insider now owns 11,832 shares of the company’s stock, valued at $436,837.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donna Jennings sold 4,582 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $45.00, for a total value of $206,190.00. Following the completion of the transaction, the senior vice president now directly owns 16,794 shares in the company, valued at approximately $755,730. The disclosure for this sale can be found here. Insiders own 3.04% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $229,924,000. Dimensional Fund Advisors LP purchased a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $200,183,000. Vanguard Group Inc. purchased a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $184,918,000. Wells Fargo & Company MN boosted its stake in shares of Adtalem Global Education by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,347,206 shares of the company’s stock valued at $84,147,000 after buying an additional 248,335 shares in the last quarter. Finally, Fairpointe Capital LLC purchased a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $78,818,000.
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About Adtalem Global Education
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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