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

Adtalem Global Education (NYSE:ATGE) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Several other research analysts have also recently weighed in on ATGE. Barrington Research upped their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. BMO Capital Markets upped their target price on 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 Stock Performance

Shares of ATGE stock opened at $99.67 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education has a 52 week low of $45.18 and a 52 week high of $112.44. The company’s 50 day moving average price is $100.01 and its two-hundred day moving average price is $88.40. The company has a market capitalization of $3.71 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

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%. On average, analysts expect that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 8,032 shares in the company, valued at $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ATGE. Arizona State Retirement System lifted its position in Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after acquiring an additional 110 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Adtalem Global Education during the third quarter worth approximately $2,314,000. Bailard Inc. acquired a new stake in Adtalem Global Education during the 4th quarter worth approximately $379,000. Smith Group Asset Management LLC bought a new stake in Adtalem Global Education in the 4th quarter valued at $614,000. Finally, State Street Corp boosted its stake in Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after purchasing an additional 23,464 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.