Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Down 5.1% in October

Adtalem Global Education Inc. (NYSE:ATGE) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 888,000 shares, a drop of 5.1% from the October 15th total of 935,800 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average trading volume of 373,400 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ATGE shares. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barrington Research increased 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.

Insider Buying and Selling at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at approximately $355,888. The trade was a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lisa W. Wardell sold 7,292 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,110 shares of company stock valued at $6,074,681. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several large investors have recently added to or reduced their stakes in ATGE. Pacer Advisors Inc. increased its stake in shares of Adtalem Global Education by 81,701.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after acquiring an additional 1,328,462 shares during the last quarter. LSV Asset Management grew its holdings in Adtalem Global Education by 2,360.6% in the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after purchasing an additional 618,466 shares during the period. Ariel Investments LLC increased its position in Adtalem Global Education by 11.1% during the first quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock worth $158,277,000 after purchasing an additional 306,699 shares during the last quarter. Vanguard Group Inc. raised its stake in Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after purchasing an additional 100,705 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after purchasing an additional 65,945 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $87.34 on Tuesday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 19.99, a P/E/G ratio of 0.99 and a beta of 0.95. Adtalem Global Education has a 12-month low of $43.78 and a 12-month high of $92.93. 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 firm’s 50-day moving average is $77.12 and its two-hundred day moving average is $72.32.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. Adtalem Global Education’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 earnings per share. Equities analysts predict that Adtalem Global Education will post 5.89 earnings per share for the current year.

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.