Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Update

Adtalem Global Education Inc. (NYSE:ATGE) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,660,000 shares, a decline of 5.1% from the March 15th total of 1,750,000 shares. Approximately 4.3% of the company’s stock are sold short. Based on an average daily volume of 555,600 shares, the days-to-cover ratio is presently 3.0 days.

Analysts Set New Price Targets

ATGE has been the topic of a number of research analyst reports. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Barrington Research boosted their price target on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Adtalem Global Education currently has an average rating of “Buy” and an average price target of $56.67.

Hedge Funds Weigh In On Adtalem Global Education

Several hedge funds and other institutional investors have recently made changes to their positions in ATGE. Comerica Bank increased its holdings in shares of Adtalem Global Education by 580.3% during the 3rd quarter. Comerica Bank now owns 122,427 shares of the company’s stock worth $5,246,000 after acquiring an additional 104,431 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Adtalem Global Education in the third quarter valued at $653,000. Deutsche Bank AG raised its position in shares of Adtalem Global Education by 11.9% in the third quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 2,936 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $1,060,000. Finally, Cambria Investment Management L.P. boosted its holdings in shares of Adtalem Global Education by 7.0% during the 3rd quarter. Cambria Investment Management L.P. now owns 205,025 shares of the company’s stock worth $8,785,000 after buying an additional 13,475 shares during the period. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Trading Down 1.4 %

Shares of NYSE:ATGE opened at $45.59 on Tuesday. The stock has a market capitalization of $1.79 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92. The company’s 50-day moving average price is $49.13 and its two-hundred day moving average price is $52.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Adtalem Global Education has a one year low of $33.59 and a one year high of $62.99.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. The firm had revenue of $393.24 million during the quarter, compared to analysts’ expectations of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net margin of 7.93%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, equities analysts forecast that Adtalem Global Education will post 4.64 EPS for the current fiscal year.

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.