Adtalem Global Education (NYSE:ATGE) Upgraded to “Strong-Buy” by StockNews.com

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

A number of other brokerages have also recently issued reports on ATGE. BMO Capital Markets lifted their target price on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $71.94 on Wednesday. Adtalem Global Education has a twelve month low of $41.89 and a twelve month high of $80.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $74.17 and a two-hundred day moving average of $65.36. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 0.90 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The firm had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. As a group, analysts expect that Adtalem Global Education will post 5.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Lisa W. Wardell sold 24,637 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the sale, the director now directly owns 105,085 shares of the company’s stock, valued at $7,944,426. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa W. Wardell sold 28,301 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,959,137.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,440 shares of company stock valued at $10,889,450. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Adtalem Global Education during the third quarter valued at $764,000. Sanctuary Advisors LLC acquired a new stake in shares of Adtalem Global Education during the 2nd quarter valued at about $670,000. Quarry LP bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at approximately $43,000. Algert Global LLC increased its holdings in Adtalem Global Education by 30.6% in the second quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after buying an additional 28,698 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Adtalem Global Education by 23.4% during the second quarter. Mackenzie Financial Corp now owns 40,311 shares of the company’s stock valued at $2,750,000 after acquiring an additional 7,632 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

About Adtalem Global Education

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.