Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Down 20.1% in August

Adtalem Global Education Inc. (NYSE:ATGE) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 789,100 shares, a decrease of 20.1% from the July 31st total of 987,100 shares. Based on an average daily trading volume, of 433,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.3% of the shares of the company are short sold. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 433,400 shares, the days-to-cover ratio is presently 1.8 days.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the sale, the director owned 43,451 shares of the company’s stock, valued at $5,752,043.38. The trade was a 36.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the transaction, the chief accounting officer owned 4,901 shares of the company’s stock, valued at $664,918.67. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,713 shares of company stock worth $7,702,094. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

A number of institutional investors and hedge funds have recently modified their holdings of ATGE. GAMMA Investing LLC boosted its holdings in shares of Adtalem Global Education by 17.5% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock worth $173,000 after buying an additional 256 shares during the period. Fifth Third Bancorp lifted its position in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after acquiring an additional 104 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock worth $258,000 after purchasing an additional 155 shares during the period. Kendall Capital Management purchased a new position in Adtalem Global Education during the 1st quarter worth approximately $224,000. Finally, Allianz SE acquired a new stake in Adtalem Global Education during the 1st quarter valued at $449,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barrington Research raised their target price on shares of Adtalem Global Education from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Zacks Research cut shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.00.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $133.10 on Thursday. The company has a 50-day moving average of $123.93 and a 200-day moving average of $116.52. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education has a twelve month low of $68.60 and a twelve month high of $140.12.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. The business had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Analysts forecast that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

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.