Adtalem Global Education Inc (NYSE:ATGE) shares reached a new 52-week low during trading on Monday . The company traded as low as $35.12 and last traded at $36.30, with a volume of 194265 shares. The stock had previously closed at $35.85.
A number of analysts have commented on the company. Zacks Investment Research downgraded Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 target price on the stock. in a research report on Wednesday, September 18th. BMO Capital Markets boosted their target price on Adtalem Global Education from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Barrington Research set a $58.00 price objective on Adtalem Global Education and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Sidoti started coverage on Adtalem Global Education in a research report on Thursday, September 12th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Adtalem Global Education presently has an average rating of “Hold” and an average price target of $54.80.
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average price of $39.34 and a 200-day moving average price of $44.59. The firm has a market capitalization of $2.00 billion, a PE ratio of 12.87, a P/E/G ratio of 0.95 and a beta of 0.89.
In other news, insider Patrick J. Unzicker sold 2,297 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $45.40, for a total value of $104,283.80. Following the completion of the sale, the insider now owns 32,908 shares in the company, valued at $1,494,023.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.46% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Adtalem Global Education in the third quarter valued at about $372,000. Neumeier Poma Investment Counsel LLC boosted its holdings in Adtalem Global Education by 53.6% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 507,580 shares of the company’s stock valued at $22,866,000 after purchasing an additional 177,100 shares during the last quarter. Royal Bank of Canada boosted its holdings in Adtalem Global Education by 222.1% in the second quarter. Royal Bank of Canada now owns 2,938 shares of the company’s stock valued at $133,000 after purchasing an additional 2,026 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Adtalem Global Education by 6.4% in the second quarter. Verition Fund Management LLC now owns 7,420 shares of the company’s stock valued at $334,000 after purchasing an additional 444 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Adtalem Global Education by 11.7% in the second quarter. Schroder Investment Management Group now owns 122,815 shares of the company’s stock valued at $5,533,000 after purchasing an additional 12,870 shares during the last quarter. Institutional investors and hedge funds own 98.16% of the company’s stock.
About Adtalem Global Education (NYSE:ATGE)
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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