Adtalem Global Education (ATGE) Shares Gap Down to $47.40
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.
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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