Adtalem Global Education Inc (NYSE:ATGE) shares reached a new 52-week low on Wednesday . The stock traded as low as $42.70 and last traded at $43.81, with a volume of 258983 shares trading hands. The stock had previously closed at $43.42.
Several research firms recently weighed in on ATGE. BMO Capital Markets reissued an “outperform” rating and set a $50.00 price target on shares of Adtalem Global Education in a research report on Wednesday. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Barrington Research reissued a “buy” rating and set a $62.00 price target on shares of Adtalem Global Education in a research report on Friday, May 3rd. Finally, ValuEngine lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.00.
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 $2.49 billion, a P/E ratio of 15.76, a PEG ratio of 1.17 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 analysts’ consensus estimates 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 firm had revenue of $308.61 million for the quarter, compared to the consensus estimate of $315.35 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that Adtalem Global Education Inc will post 2.84 earnings per share for the current fiscal year.
In other Adtalem Global Education news, Director James D. White sold 2,936 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $49.03, for a total value of $143,952.08. Following the transaction, the director now owns 6,523 shares in the company, valued at $319,822.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.91% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in shares of Adtalem Global Education by 0.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,000,476 shares of the company’s stock worth $92,662,000 after acquiring an additional 9,460 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Adtalem Global Education by 6.8% during the 1st quarter. Geode Capital Management LLC now owns 668,055 shares of the company’s stock worth $30,944,000 after acquiring an additional 42,447 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Adtalem Global Education by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 580,711 shares of the company’s stock worth $26,899,000 after acquiring an additional 12,115 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter worth about $1,036,000. Finally, AQR Capital Management LLC boosted its stake in shares of Adtalem Global Education by 16.1% during the 1st quarter. AQR Capital Management LLC now owns 1,318,065 shares of the company’s stock worth $61,053,000 after acquiring an additional 182,358 shares in the last quarter. Hedge funds and other institutional investors own 98.74% 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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