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

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

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Barrington Research lifted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

Adtalem Global Education Trading Down 3.2 %

ATGE stock opened at $90.93 on Thursday. Adtalem Global Education has a 12 month low of $45.18 and a 12 month high of $112.43. The firm’s 50-day moving average is $99.60 and its 200 day moving average is $87.02. The company has a market capitalization of $3.39 billion, a PE ratio of 16.93, a P/E/G ratio of 1.05 and a beta of 0.97. 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 issued its earnings results 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 net margin of 12.34% and a return on equity of 16.82%. On average, research analysts anticipate that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were 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 approximately $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education during the 4th quarter valued at $26,000. Meeder Asset Management Inc. purchased a new stake in Adtalem Global Education in the third quarter valued at about $27,000. R Squared Ltd acquired a new stake in Adtalem Global Education in the fourth quarter worth about $70,000. Parkside Financial Bank & Trust boosted its holdings 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 worth $72,000 after acquiring an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after acquiring an additional 634 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.