Adtalem Global Education (NYSE:ATGE) Hits New 12-Month Low at $35.12

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.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, August 22nd. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The firm had revenue of $330.30 million during the quarter, compared to analyst estimates of $329.90 million. Adtalem Global Education had a return on equity of 11.81% and a net margin of 7.68%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, research analysts predict that Adtalem Global Education Inc will post 3.05 earnings per share for the current fiscal year.

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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