Adtalem Global Education (NYSE:ATGE)‘s stock had its “buy” rating reaffirmed by stock analysts at Barrington Research in a research report issued on Thursday, October 31st, AnalystRatings.com reports. Barrington Research also issued estimates for Adtalem Global Education’s Q3 2020 earnings at $0.74 EPS.
Several other equities research analysts have also recently issued reports on ATGE. Sidoti initiated coverage on shares of Adtalem Global Education in a research report on Thursday, September 12th. They set a “buy” rating on the stock. Robert W. Baird set a $42.00 price objective on shares of Adtalem Global Education and gave the company a “hold” rating in a research report on Monday, October 21st. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Zacks Investment Research cut shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 price target on the stock. in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Adtalem Global Education presently has a consensus rating of “Hold” and a consensus price target of $49.75.
Shares of Adtalem Global Education stock traded down $0.04 on Thursday, hitting $31.78. 422,667 shares of the company traded hands, compared to its average volume of 423,753. The stock has a market capitalization of $1.73 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 1.11. Adtalem Global Education has a 52 week low of $27.58 and a 52 week high of $58.80. The business has a 50-day simple moving average of $36.07 and a 200 day simple moving average of $43.10.
In related news, insider Patrick J. Unzicker sold 2,297 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.40, for a total value of $104,283.80. Following the sale, the insider now owns 32,908 shares in the company, valued at $1,494,023.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.46% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ATGE. Marshall Wace North America L.P. bought a new position in Adtalem Global Education during the first quarter valued at $56,000. WINTON GROUP Ltd boosted its stake in shares of Adtalem Global Education by 13.2% during the second quarter. WINTON GROUP Ltd now owns 10,525 shares of the company’s stock valued at $474,000 after purchasing an additional 1,224 shares during the period. Unigestion Holding SA boosted its stake in shares of Adtalem Global Education by 120.6% during the second quarter. Unigestion Holding SA now owns 76,872 shares of the company’s stock valued at $3,463,000 after purchasing an additional 42,025 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Adtalem Global Education by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,067 shares of the company’s stock valued at $1,084,000 after purchasing an additional 330 shares during the period. Finally, Foundry Partners LLC boosted its stake in shares of Adtalem Global Education by 10.5% during the second quarter. Foundry Partners LLC now owns 328,050 shares of the company’s stock valued at $14,779,000 after purchasing an additional 31,192 shares during the period. Institutional investors and hedge funds own 98.09% of the company’s stock.
Adtalem Global Education Company Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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