Adtalem Global Education (NYSE:ATGE) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of Adtalem Global Education (NYSE:ATGE) from a strong-buy rating to a buy rating in a report issued on Tuesday.

Other equities analysts also recently issued reports about the company. Barrington Research lifted their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Adtalem Global Education Trading Down 1.5 %

Shares of ATGE opened at $95.88 on Tuesday. The stock’s 50-day moving average is $99.90 and its two-hundred day moving average is $88.32. The stock has a market cap of $3.57 billion, a PE ratio of 17.85, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education has a 12 month low of $45.18 and a 12 month high of $112.44.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Equities analysts forecast that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, the insider now directly owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock valued at $1,386,048 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

A number of large investors have recently made changes to their positions in the business. USA Financial Formulas purchased a new position in shares of Adtalem Global Education during the 4th quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in Adtalem Global Education during the 3rd quarter worth $27,000. R Squared Ltd bought a new stake in Adtalem Global Education during the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust grew its stake in shares of Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after acquiring an additional 776 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.