Adtalem Global Education (NYSE:ATGE) Research Coverage Started at Sidoti
Sidoti initiated coverage on shares of Adtalem Global Education (NYSE:ATGE) in a research report released on Thursday morning, The Fly reports. The brokerage issued a buy rating on the stock.
Several other research analysts have also commented on the stock. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $50.00 to $55.00 and gave the company an outperform rating in a research note on Friday, August 23rd. Barrington Research set a $58.00 price target on shares of Adtalem Global Education and gave the stock a buy rating in a research note on Friday, August 23rd. Finally, Zacks Investment Research downgraded shares of Adtalem Global Education from a hold rating to a sell rating and set a $48.00 price target for the company. in a research note on Thursday, July 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Adtalem Global Education presently has a consensus rating of Hold and a consensus target price of $55.60.
Shares of NYSE ATGE traded down $0.26 during midday trading on Thursday, hitting $41.44. The company’s stock had a trading volume of 17,925 shares, compared to its average volume of 529,823. The business’s fifty day simple moving average is $45.89 and its two-hundred day simple moving average is $46.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 1.62. Adtalem Global Education has a 1 year low of $40.06 and a 1 year high of $58.80. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90.
In related news, insider Patrick J. Unzicker sold 2,297 shares of Adtalem Global Education stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $45.40, for a total value of $104,283.80. Following the completion of the transaction, the insider now owns 32,908 shares in the company, valued at $1,494,023.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.91% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Great Lakes Advisors LLC lifted its stake in Adtalem Global Education by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 78,749 shares of the company’s stock worth $3,548,000 after acquiring an additional 281 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Adtalem Global Education by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,067 shares of the company’s stock worth $1,084,000 after buying an additional 330 shares during the last quarter. Swiss National Bank lifted its position in shares of Adtalem Global Education by 0.4% during the 2nd quarter. Swiss National Bank now owns 107,500 shares of the company’s stock worth $4,843,000 after buying an additional 400 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Adtalem Global Education by 6.4% during the 2nd quarter. Verition Fund Management LLC now owns 7,420 shares of the company’s stock worth $334,000 after buying an additional 444 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Adtalem Global Education by 2.1% during the 1st quarter. Texas Permanent School Fund now owns 39,232 shares of the company’s stock worth $1,817,000 after buying an additional 790 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.
About Adtalem Global Education
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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