Adtalem Global Education’s (ATGE) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Adtalem Global Education (NYSE:ATGE) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $120.00 price target on the stock.

Several other brokerages have also recently weighed in on ATGE. BMO Capital Markets lifted their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $106.38 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.96 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. Adtalem Global Education has a twelve month low of $45.18 and a twelve month high of $112.44. The business’s 50 day moving average price is $100.83 and its two-hundred day moving average price is $92.46.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, analysts predict that Adtalem Global Education will post 6.2 EPS for the current year.

Insider Transactions at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now owns 12,844 shares of the company’s stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the insider now owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock valued at $1,386,048 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several hedge funds have recently modified their holdings of ATGE. USA Financial Formulas bought a new stake in Adtalem Global Education in the fourth quarter worth about $26,000. Fifth Third Bancorp grew its position in shares of Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Adtalem Global Education during the first quarter valued at about $31,000. R Squared Ltd purchased a new stake in Adtalem Global Education in the 4th quarter worth approximately $70,000. Finally, Parkside Financial Bank & Trust raised its position in shares of 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 buying an additional 776 shares in the last quarter. 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.