Adtalem Global Education (NYSE:ATGE) Sets New 52-Week High – Here’s Why

Adtalem Global Education Inc. (NYSE:ATGE)’s stock price reached a new 52-week high on Friday . The company traded as high as $113.35 and last traded at $112.73, with a volume of 106314 shares. The stock had previously closed at $107.24.

Analyst Upgrades and Downgrades

ATGE has been the topic of several research analyst reports. Jefferies Financial Group started coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 target price on the stock. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. BMO Capital Markets raised their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Barrington Research reiterated an “outperform” rating and set a $120.00 price target on shares of Adtalem Global Education in a research report on Tuesday, April 15th.

Adtalem Global Education Price Performance

The firm has a market capitalization of $4.27 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The stock’s 50 day simple moving average is $101.41 and its two-hundred day simple moving average is $95.36. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share 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, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Activity

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the transaction, the director now owns 12,844 shares of the company’s stock, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Adtalem Global Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. Forum Financial Management LP purchased a new position in Adtalem Global Education during the first quarter worth about $247,000. Bailard Inc. boosted its position in shares of Adtalem Global Education by 21.6% during the 1st quarter. Bailard Inc. now owns 5,071 shares of the company’s stock worth $510,000 after purchasing an additional 900 shares during the period. James Investment Research Inc. acquired a new stake in Adtalem Global Education in the 1st quarter valued at approximately $375,000. Victory Capital Management Inc. raised its position in Adtalem Global Education by 62.4% in the first quarter. Victory Capital Management Inc. now owns 54,365 shares of the company’s stock valued at $5,471,000 after purchasing an additional 20,896 shares during the period. Finally, Trail Ridge Investment Advisors LLC lifted its stake in Adtalem Global Education by 6.7% during the first quarter. Trail Ridge Investment Advisors LLC now owns 8,564 shares of the company’s stock worth $862,000 after purchasing an additional 538 shares in the last quarter. 98.84% of the stock is currently 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.