Adtalem Global Education Inc (NYSE:ATGE)’s share price was down 15.3% on Friday following a dissappointing earnings announcement. The company traded as low as $44.70 and last traded at $47.20. Approximately 2,213,308 shares changed hands during trading, an increase of 376% from the average daily volume of 464,577 shares. The stock had previously closed at $55.75.

The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.05). The firm had revenue of $319.80 million for the quarter, compared to the consensus estimate of $352.68 million. Adtalem Global Education had a return on equity of 10.06% and a net margin of 0.89%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS.

Several research analysts have weighed in on ATGE shares. First Analysis increased their price objective on Adtalem Global Education to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 29th. Barrington Research raised their price target on Adtalem Global Education from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, July 9th. Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. BMO Capital Markets upgraded Adtalem Global Education from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, May 7th. They noted that the move was a valuation call. Finally, ValuEngine cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $55.60.

In other news, insider Donna Jennings sold 9,375 shares of Adtalem Global Education stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $51.40, for a total transaction of $481,875.00. Following the sale, the insider now directly owns 13,709 shares of the company’s stock, valued at $704,642.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald L. Taylor sold 18,880 shares of Adtalem Global Education stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $46.77, for a total value of $883,017.60. Following the sale, the insider now directly owns 544,495 shares in the company, valued at $25,466,031.15. The disclosure for this sale can be found here. Insiders sold 37,205 shares of company stock worth $1,812,235 over the last ninety days. 3.04% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its stake in shares of Adtalem Global Education by 6.9% during the second quarter. GHP Investment Advisors Inc. now owns 57,402 shares of the company’s stock valued at $2,761,000 after purchasing an additional 3,710 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Adtalem Global Education by 3.5% during the second quarter. Schroder Investment Management Group now owns 211,166 shares of the company’s stock valued at $9,883,000 after purchasing an additional 7,103 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Adtalem Global Education during the second quarter valued at about $231,000. Vident Investment Advisory LLC boosted its stake in shares of Adtalem Global Education by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 77,382 shares of the company’s stock valued at $3,722,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Laurion Capital Management LP boosted its stake in shares of Adtalem Global Education by 252.9% during the second quarter. Laurion Capital Management LP now owns 30,700 shares of the company’s stock valued at $1,477,000 after purchasing an additional 22,000 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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

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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