Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Update

Adtalem Global Education Inc. (NYSE:ATGE) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,370,000 shares, an increase of 16.1% from the November 30th total of 1,180,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 368,700 shares, the days-to-cover ratio is currently 3.7 days.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $90.87 on Monday. The business has a 50 day moving average price of $86.44 and a 200 day moving average price of $77.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $3.41 billion, a P/E ratio of 20.79, a PEG ratio of 1.01 and a beta of 0.96. Adtalem Global Education has a 1-year low of $43.78 and a 1-year high of $92.93.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts expect that Adtalem Global Education will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP raised its stake in Adtalem Global Education by 4.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after purchasing an additional 126 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Adtalem Global Education by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after buying an additional 192 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock valued at $1,443,000 after buying an additional 283 shares during the period. Meeder Asset Management Inc. acquired a new stake in Adtalem Global Education during the third quarter worth approximately $27,000. Finally, Clear Creek Financial Management LLC grew its stake in Adtalem Global Education by 3.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock worth $1,043,000 after acquiring an additional 439 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barrington Research raised their target price on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.