Adtalem Global Education Inc (NYSE:ATGE)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $46.20 and last traded at $44.95, with a volume of 512200 shares traded. The stock had previously closed at $45.10.
A number of equities analysts have commented on the company. Robert W. Baird reaffirmed a “hold” rating on shares of Adtalem Global Education in a research note on Thursday, December 7th. Zacks Investment Research cut Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating and set a $59.00 target price on shares of Adtalem Global Education in a research note on Monday, December 4th. BMO Capital Markets boosted their target price on Adtalem Global Education from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Finally, BidaskClub raised Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Adtalem Global Education presently has a consensus rating of “Hold” and an average price target of $48.50.
The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.08. The company has a market cap of $2,805.76, a P/E ratio of 17.59, a PEG ratio of 1.97 and a beta of 0.98.
In related news, insider Carlos Filgueiras sold 2,325 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the sale, the insider now directly owns 11,832 shares of the company’s stock, valued at $436,837.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Donna Jennings sold 4,582 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total value of $206,190.00. Following the completion of the sale, the senior vice president now directly owns 16,794 shares in the company, valued at $755,730. The disclosure for this sale can be found here. 3.04% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Adtalem Global Education in the second quarter worth $229,924,000. Dimensional Fund Advisors LP purchased a new stake in Adtalem Global Education in the second quarter worth $200,183,000. Vanguard Group Inc. purchased a new stake in Adtalem Global Education in the second quarter worth $184,918,000. Wells Fargo & Company MN grew its stake in Adtalem Global Education by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,347,206 shares of the company’s stock worth $84,147,000 after purchasing an additional 248,335 shares during the period. Finally, Fairpointe Capital LLC purchased a new stake in Adtalem Global Education in the second quarter worth $78,818,000.
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About Adtalem Global Education
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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