Adtalem Global Education Inc. (NYSE:ATGE) Sees Large Decrease in Short Interest

Adtalem Global Education Inc. (NYSE:ATGE) was the target of a significant decline in short interest during 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. Based on an average daily trading volume, of 555,600 shares, the short-interest ratio is presently 3.0 days. Approximately 4.3% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts recently issued reports on ATGE shares. Barrington Research raised their price objective on Adtalem Global Education from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Adtalem Global Education has an average rating of “Buy” and a consensus price target of $56.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in Adtalem Global Education by 65.2% in the 3rd quarter. Royal Bank of Canada now owns 727 shares of the company’s stock worth $27,000 after acquiring an additional 287 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after purchasing an additional 568 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Adtalem Global Education in the second quarter worth approximately $35,000. US Bancorp DE lifted its position in shares of Adtalem Global Education by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Adtalem Global Education during the third quarter worth approximately $56,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Down 1.4 %

Shares of ATGE stock opened at $45.59 on Tuesday. Adtalem Global Education has a 1 year low of $33.59 and a 1 year high of $62.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The business’s fifty day moving average is $49.13 and its 200-day moving average is $52.55. The stock has a market cap 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.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.23. The company had revenue of $393.24 million for the quarter, compared to analysts’ expectations of $372.79 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. Equities analysts expect that Adtalem Global Education will post 4.64 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.