Adtalem Global Education (NYSE:ATGE) Shares Gap Up on Better-Than-Expected Earnings

Adtalem Global Education Inc. (NYSE:ATGE)’s stock price gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $102.42, but opened at $109.90. Adtalem Global Education shares last traded at $110.51, with a volume of 55,093 shares traded.

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 15.63% and a net margin of 10.55%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now directly owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Adtalem Global Education

A number of institutional investors have recently bought and sold shares of ATGE. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education during the 4th quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in Adtalem Global Education in the third quarter valued at approximately $27,000. Quarry LP purchased a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $43,000. R Squared Ltd purchased a new stake in Adtalem Global Education in the 4th quarter worth $70,000. Finally, GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock worth $97,000 after purchasing an additional 483 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Trading Up 7.1 %

The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.13 and a beta of 0.96. The company has a fifty day moving average of $93.00 and a 200-day moving average of $82.22. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

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.