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Adtalem Global Education (NYSE:ATGE) Trading Down 3.1%

Defense World · Sep 4, 2022 03:21

Adtalem Global Education Inc. (NYSE:ATGE – Get Rating)'s share price dropped 3.1% during mid-day trading on Friday . The company traded as low as $36.71 and last traded at $36.85. Approximately 4,919 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 464,626 shares. The stock had previously closed at $38.03.

Wall Street Analyst Weigh In

ATGE has been the topic of a number of recent analyst reports. Robert W. Baird upped their target price on shares of Adtalem Global Education from $31.00 to $40.00 in a research note on Friday, August 12th. Barrington Research increased their price objective on shares of Adtalem Global Education from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, August 12th.

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Adtalem Global Education Trading Down 3.0 %

The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.02. The firm's 50 day moving average is $38.33 and its two-hundred day moving average is $32.21. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

Adtalem Global Education (NYSE:ATGE – Get Rating) last announced its quarterly earnings results on Thursday, August 11th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. The company had revenue of $361.23 million for the quarter, compared to analyst estimates of $348.90 million. Adtalem Global Education had a net margin of 21.97% and a return on equity of 12.38%. Adtalem Global Education's revenue was up 61.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 earnings per share. Equities analysts anticipate that Adtalem Global Education Inc. will post 4.08 EPS for the current year.

Insiders Place Their Bets

In other Adtalem Global Education news, Director William V. Krehbiel purchased 10,000 shares of the business's stock in a transaction dated Tuesday, June 14th. The shares were acquired at an average price of $31.67 per share, for a total transaction of $316,700.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at $316,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.75% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of Adtalem Global Education by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company's stock valued at $38,000 after purchasing an additional 525 shares in the last quarter. US Bancorp DE grew its stake in Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company's stock valued at $53,000 after buying an additional 775 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Adtalem Global Education in the 2nd quarter valued at $68,000. Gladius Capital Management LP grew its stake in Adtalem Global Education by 18.2% in the 1st quarter. Gladius Capital Management LP now owns 2,264 shares of the company's stock valued at $68,000 after buying an additional 348 shares during the last quarter. Finally, GHE LLC acquired a new position in Adtalem Global Education in the 2nd quarter valued at $77,000.

About Adtalem Global Education

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Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare postsecondary education industry. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.