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Adtalem Global Education (NYSE:ATGE) Stock Crosses Above 200 Day Moving Average of $34.16

Defense World · Sep 27, 2022 02:01

Shares of Adtalem Global Education Inc. (NYSE:ATGE – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.16 and traded as high as $36.32. Adtalem Global Education shares last traded at $35.33, with a volume of 344,945 shares changing hands.

Analysts Set New Price Targets

ATGE has been the subject of several analyst reports. Barrington Research increased their target price on shares of Adtalem Global Education from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, August 12th. Robert W. Baird increased their target price on shares of Adtalem Global Education from $31.00 to $40.00 in a report on Friday, August 12th.

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Adtalem Global Education Stock Performance

The company's fifty day moving average price is $38.42 and its 200 day moving average price is $34.16. The company has a market cap of $1.60 billion, a PE ratio of 5.47, a P/E/G ratio of 0.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

Adtalem Global Education (NYSE:ATGE – Get Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.03. Adtalem Global Education had a net margin of 21.97% and a return on equity of 12.38%. The business had revenue of $361.23 million during the quarter, compared to the consensus estimate of $348.90 million. During the same quarter last year, the company posted $0.70 earnings per share. The firm's quarterly revenue was up 61.6% compared to the same quarter last year. On average, equities research analysts predict that Adtalem Global Education Inc. will post 4.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lyle Logan sold 2,600 shares of the firm's stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $38.14, for a total transaction of $99,164.00. Following the completion of the sale, the director now owns 29,323 shares in the company, valued at $1,118,379.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Adtalem Global Education

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in shares of Adtalem Global Education by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company's stock worth $38,000 after purchasing an additional 525 shares in the last quarter. US Bancorp DE increased its stake in shares of Adtalem Global Education by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company's stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Gladius Capital Management LP increased its stake in shares of Adtalem Global Education by 18.2% in the first quarter. Gladius Capital Management LP now owns 2,264 shares of the company's stock worth $68,000 after purchasing an additional 348 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of Adtalem Global Education in the second quarter worth about $68,000. Finally, GHE LLC purchased a new position in shares of Adtalem Global Education in the second quarter worth about $77,000.

Adtalem Global Education Company Profile

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Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.