StockNews.com Downgrades Adtalem Global Education (NYSE:ATGE) to Buy

Adtalem Global Education (NYSE:ATGE) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

ATGE has been the subject of a number of other reports. Barrington Research boosted their target price 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 boosted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd.

Adtalem Global Education Stock Up 4.0 %

NYSE ATGE opened at $99.67 on Tuesday. The stock’s 50 day simple moving average is $100.01 and its 200 day simple moving average is $88.40. Adtalem Global Education has a one year low of $45.18 and a one year high of $112.44. The firm has a market cap of $3.71 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, sell-side analysts forecast that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several institutional investors have recently modified their holdings of the stock. Atria Investments Inc raised its position in shares of Adtalem Global Education by 32.6% in the 3rd quarter. Atria Investments Inc now owns 4,721 shares of the company’s stock valued at $356,000 after acquiring an additional 1,162 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Adtalem Global Education in the third quarter valued at approximately $219,000. Victory Capital Management Inc. raised its holdings in Adtalem Global Education by 130.1% in the third quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock worth $2,540,000 after purchasing an additional 19,026 shares during the period. Natixis Advisors LLC bought a new position in shares of Adtalem Global Education during the third quarter worth $828,000. Finally, Quest Partners LLC grew its holdings in shares of Adtalem Global Education by 173.4% in the 3rd quarter. Quest Partners LLC now owns 14,204 shares of the company’s stock valued at $1,072,000 after buying an additional 9,008 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.