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

StockNews.com downgraded shares of Adtalem Global Education (NYSE:ATGE) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

A number of other equities research analysts also recently weighed in on ATGE. Barrington Research boosted their price target on shares of 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 target price 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 3.2 %

Shares of NYSE ATGE opened at $90.93 on Thursday. Adtalem Global Education has a 1-year low of $45.18 and a 1-year high of $112.43. The company has a market cap of $3.39 billion, a PE ratio of 16.93, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $99.60 and a two-hundred day moving average of $87.26.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share 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%. As a group, equities analysts expect that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now directly owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

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

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.