Adtalem Global Education Inc (NASDAQ:ATGE) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.
A number of other equities analysts have also recently weighed in on ATGE. BMO Capital Markets reissued a “market perform” rating and set a $35.00 price objective (down from $40.00) on shares of Adtalem Global Education in a report on Monday, August 21st. Zacks Investment Research cut Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th.
Adtalem Global Education (NASDAQ:ATGE) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.09. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $452.77 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. Adtalem Global Education’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS.
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In other Adtalem Global Education news, insider Eric P. Dirst sold 3,114 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $34.06, for a total value of $106,062.84. Following the transaction, the insider now directly owns 14,800 shares of the company’s stock, valued at approximately $504,088. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Groenwald sold 5,887 shares of Adtalem Global Education stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $33.80, for a total value of $198,980.60. Following the completion of the transaction, the insider now directly owns 30,582 shares in the company, valued at $1,033,671.60. The disclosure for this sale can be found here. Insiders sold a total of 11,328 shares of company stock worth $384,138 over the last ninety days.
A number of institutional investors have recently made changes to their positions in ATGE. Northwestern Mutual Investment Management Company LLC purchased a new position in Adtalem Global Education in the 2nd quarter worth approximately $174,000. GHP Investment Advisors Inc. purchased a new position in Adtalem Global Education in the 2nd quarter worth approximately $202,000. Tower Research Capital LLC TRC purchased a new position in Adtalem Global Education in the 2nd quarter worth approximately $223,000. Shelton Capital Management purchased a new position in Adtalem Global Education in the 2nd quarter worth approximately $224,000. Finally, Parametrica Management Ltd purchased a new position in Adtalem Global Education in the 2nd quarter worth approximately $232,000.
Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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