Adtalem Global Education (ATGE) Reaches New 52-Week High at $46.20

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.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.16). Adtalem Global Education had a net margin of 6.17% and a return on equity of 10.24%. The business had revenue of $421.03 million for the quarter, compared to analysts’ expectations of $428.00 million. During the same period last year, the firm posted $0.45 earnings per share. Adtalem Global Education’s quarterly revenue was down 6.4% on a year-over-year basis. research analysts forecast that Adtalem Global Education Inc will post 2.84 EPS for the current fiscal year.

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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