Adtalem Global Education (ATGE) Hits New 12-Month Low at $42.70

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Shares of Adtalem Global Education Inc (NYSE:ATGE) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $42.70 and last traded at $43.81, with a volume of 258983 shares traded. The stock had previously closed at $43.42.

Several brokerages recently weighed in on ATGE. ValuEngine lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price objective on shares of Adtalem Global Education in a report on Wednesday, May 15th. Barrington Research reissued a “buy” rating and issued a $62.00 price objective on shares of Adtalem Global Education in a report on Friday, May 3rd. Finally, Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Adtalem Global Education presently has a consensus rating of “Buy” and an average price target of $55.60.

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $2.47 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.16 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, May 2nd. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. Adtalem Global Education had a return on equity of 11.38% and a net margin of 8.83%. The company had revenue of $308.61 million during the quarter, compared to the consensus estimate of $315.35 million. During the same period in the previous year, the firm posted $0.70 earnings per share. Adtalem Global Education’s quarterly revenue was down .5% compared to the same quarter last year. On average, research analysts forecast that Adtalem Global Education Inc will post 2.83 EPS for the current fiscal year.

In other Adtalem Global Education news, insider Patrick J. Unzicker sold 2,953 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $43.07, for a total value of $127,185.71. Following the completion of the transaction, the insider now directly owns 36,070 shares in the company, valued at $1,553,534.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.91% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ATGE. JPMorgan Chase & Co. boosted its position in shares of Adtalem Global Education by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 119,731 shares of the company’s stock worth $5,771,000 after buying an additional 25,495 shares during the period. Renaissance Technologies LLC acquired a new stake in Adtalem Global Education in the third quarter worth approximately $636,000. Virtu Financial LLC acquired a new stake in Adtalem Global Education in the fourth quarter worth approximately $205,000. Bank of Montreal Can lifted its position in Adtalem Global Education by 17.8% in the fourth quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock worth $126,000 after purchasing an additional 405 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Adtalem Global Education by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,218 shares of the company’s stock worth $200,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

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Adtalem Global Education Company Profile (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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