Adtalem Global Education (NYSE:ATGE) Earns Strong-Buy Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Adtalem Global Education (NYSE:ATGE – Get Rating) in a research report issued on Thursday. The firm set a “strong-buy” rating on the stock.

Several other analysts have also recently weighed in on ATGE. Barrington Research reissued an “outperform” rating and issued a $48.00 price objective on shares of Adtalem Global Education in a research note on Friday, February 3rd. TheStreet raised shares of Adtalem Global Education from a “c+” rating to a “b-” rating in a research note on Wednesday, May 3rd.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $42.46 on Thursday. The firm’s fifty day moving average price is $39.15 and its two-hundred day moving average price is $39.04. The stock has a market cap of $1.85 billion, a PE ratio of 24.26, a PEG ratio of 0.66 and a beta of 1.02. Adtalem Global Education has a fifty-two week low of $30.49 and a fifty-two week high of $44.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.22.

Adtalem Global Education (NYSE:ATGE – Get Rating) last posted its earnings results on Tuesday, May 2nd. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.21. Adtalem Global Education had a net margin of 5.54% and a return on equity of 13.67%. The firm had revenue of $369.10 million for the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Adtalem Global Education will post 4.15 EPS for the current fiscal year.

Insider Activity at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 7,940 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $41.24, for a total value of $327,445.60. Following the transaction, the director now owns 275,528 shares in the company, valued at $11,362,774.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Lisa W. Wardell sold 71,400 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $40.45, for a total transaction of $2,888,130.00. Following the transaction, the director now owns 180,034 shares in the company, valued at $7,282,375.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa W. Wardell sold 7,940 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $41.24, for a total transaction of $327,445.60. Following the transaction, the director now owns 275,528 shares in the company, valued at approximately $11,362,774.72. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several institutional investors have recently made changes to their positions in ATGE. Royal Bank of Canada raised its holdings in shares of Adtalem Global Education by 65.2% during the third quarter. Royal Bank of Canada now owns 727 shares of the company’s stock valued at $27,000 after purchasing an additional 287 shares during the period. US Bancorp DE increased its position in shares of Adtalem Global Education by 76.7% during the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Adtalem Global Education by 210.5% during the first quarter. Captrust Financial Advisors now owns 2,881 shares of the company’s stock worth $86,000 after acquiring an additional 1,953 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Adtalem Global Education during the fourth quarter worth about $87,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Adtalem Global Education by 168.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,289 shares of the company’s stock worth $88,000 after acquiring an additional 1,435 shares in the last quarter.

About Adtalem Global Education

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Adtalem Global Education, Inc engages in the provision of workforce solutions. It operates through the following 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.