Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Update

Adtalem Global Education Inc. (NYSE:ATGE) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 888,000 shares, a decrease of 5.1% from the October 15th total of 935,800 shares. Based on an average daily trading volume, of 373,400 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Adtalem Global Education Stock Up 2.8 %

Shares of NYSE:ATGE opened at $87.20 on Monday. The firm has a market cap of $3.27 billion, a P/E ratio of 19.95, a PEG ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education has a 52-week low of $43.78 and a 52-week high of $92.93. The business’s 50 day simple moving average is $76.78 and its two-hundred day simple moving average is $72.08.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that Adtalem Global Education will post 5.89 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 28,301 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,959,137.90. This trade represents a 21.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,110 shares of company stock valued at $6,074,681 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

A number of large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education during the 3rd quarter valued at $27,000. Covestor Ltd raised its holdings in shares of Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares during the last quarter. Quarry LP purchased a new stake in Adtalem Global Education during the second quarter valued at $43,000. DekaBank Deutsche Girozentrale bought a new position in shares of Adtalem Global Education in the 1st quarter worth approximately $53,000. Finally, GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after acquiring an additional 433 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.