Adtalem Global Education (NYSE:ATGE) Reaches New 1-Year High – Still a Buy?

Adtalem Global Education Inc. (NYSE:ATGE)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $101.45 and last traded at $101.44, with a volume of 507 shares trading hands. The stock had previously closed at $99.86.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research increased their target price on Adtalem Global Education from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Adtalem Global Education Price Performance

The stock has a market capitalization of $3.82 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The business has a fifty day simple moving average of $92.72 and a 200 day simple moving average of $82.08. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. On average, analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Several institutional investors have recently added to or reduced their stakes in the stock. Edgestream Partners L.P. purchased a new position in shares of Adtalem Global Education during the 3rd quarter valued at $2,314,000. State Street Corp raised its position in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares in the last quarter. Barclays PLC boosted its position in shares of Adtalem Global Education by 12.1% during the 3rd quarter. Barclays PLC now owns 66,669 shares of the company’s stock valued at $5,031,000 after acquiring an additional 7,172 shares during the last quarter. Victory Capital Management Inc. lifted its position in Adtalem Global Education by 130.1% during the third quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock valued at $2,540,000 after purchasing an additional 19,026 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth $670,000. Institutional investors own 98.84% of the company’s stock.

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.