Adtalem Global Education Inc (NYSE:ATGE) gapped down before the market opened on Monday . The stock had previously closed at $45.75, but opened at $47.40. Adtalem Global Education shares last traded at $47.95, with a volume of 9218 shares traded.

Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. ValuEngine lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 4th. BMO Capital Markets reaffirmed a “buy” rating and issued a $56.00 target price on shares of Adtalem Global Education in a research note on Wednesday, July 11th. Barrington Research reaffirmed an “outperform” rating and issued a $57.00 target price on shares of Adtalem Global Education in a research note on Friday, May 4th. They noted that the move was a valuation call. Finally, First Analysis raised their target price on shares of Adtalem Global Education to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.60.

The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.35 and a beta of 1.04. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, August 16th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.05). Adtalem Global Education had a return on equity of 10.06% and a net margin of 0.89%. The firm had revenue of $319.80 million for the quarter, compared to the consensus estimate of $352.68 million. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. equities analysts anticipate that Adtalem Global Education Inc will post 2.76 earnings per share for the current year.

In related news, SVP Christopher C. Nash sold 5,450 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $46.76, for a total transaction of $254,842.00. Following the transaction, the senior vice president now owns 13,787 shares of the company’s stock, valued at approximately $644,680.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa W. Wardell sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $55.00, for a total transaction of $192,500.00. Following the transaction, the insider now directly owns 106,338 shares in the company, valued at approximately $5,848,590. The disclosure for this sale can be found here. Insiders have sold a total of 18,325 shares of company stock worth $929,217 in the last three months. 3.04% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd raised its holdings in Adtalem Global Education by 24.7% during the 2nd quarter. WINTON GROUP Ltd now owns 13,282 shares of the company’s stock worth $639,000 after buying an additional 2,634 shares during the period. GHP Investment Advisors Inc. raised its holdings in Adtalem Global Education by 6.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 57,402 shares of the company’s stock worth $2,761,000 after buying an additional 3,710 shares during the period. Schroder Investment Management Group raised its holdings in Adtalem Global Education by 3.5% during the 2nd quarter. Schroder Investment Management Group now owns 211,166 shares of the company’s stock worth $9,883,000 after buying an additional 7,103 shares during the period. Jane Street Group LLC acquired a new stake in Adtalem Global Education during the 2nd quarter worth approximately $231,000. Finally, Vident Investment Advisory LLC raised its holdings in Adtalem Global Education by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 77,382 shares of the company’s stock worth $3,722,000 after buying an additional 1,158 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Company Profile (NYSE:ATGE)

Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.

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