Adtalem Global Education Inc (NYSE:ATGE) saw a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 3,270,000 shares, a growth of 5.5% from the November 14th total of 3,100,000 shares. Based on an average trading volume of 642,500 shares, the days-to-cover ratio is currently 5.1 days. Currently, 6.2% of the company’s shares are sold short.
ATGE traded up $0.28 on Tuesday, reaching $34.97. The company’s stock had a trading volume of 342,400 shares, compared to its average volume of 435,626. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.14 and a beta of 0.87. Adtalem Global Education has a 1 year low of $27.58 and a 1 year high of $51.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day moving average is $34.10 and its 200 day moving average is $40.13.
Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.12). Adtalem Global Education had a return on equity of 11.44% and a net margin of 9.84%. The firm had revenue of $254.60 million for the quarter, compared to the consensus estimate of $301.66 million. During the same period in the prior year, the business earned $0.45 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that Adtalem Global Education will post 2.46 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on ATGE. Robert W. Baird set a $42.00 target price on Adtalem Global Education and gave the company a “hold” rating in a research note on Monday, October 21st. Barrington Research reissued a “buy” rating and issued a $38.00 price target on shares of Adtalem Global Education in a report on Monday, November 18th. TheStreet downgraded Adtalem Global Education from a “b-” rating to a “c” rating in a report on Tuesday, October 29th. Sidoti initiated coverage on Adtalem Global Education in a report on Thursday, September 12th. They issued a “buy” rating for the company. Finally, Zacks Investment Research downgraded Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 price target for the company. in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.75.
In related news, CFO Michael O. Randolfi bought 32,000 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $33.73 per share, for a total transaction of $1,079,360.00. Following the completion of the purchase, the chief financial officer now owns 78,090 shares in the company, valued at $2,633,975.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Holland Katherine Alice Boden bought 2,000 shares of the stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $31.99 per share, with a total value of $63,980.00. Following the purchase, the insider now owns 16,367 shares of the company’s stock, valued at approximately $523,580.33. The disclosure for this purchase can be found here. Corporate insiders own 1.46% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ATGE. Marshall Wace North America L.P. bought a new position in Adtalem Global Education during the 1st quarter worth approximately $56,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Adtalem Global Education by 28.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 42,810 shares of the company’s stock worth $1,929,000 after buying an additional 9,490 shares during the last quarter. First Trust Advisors LP bought a new position in Adtalem Global Education during the 2nd quarter worth approximately $2,116,000. DekaBank Deutsche Girozentrale lifted its holdings in Adtalem Global Education by 15.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 22,185 shares of the company’s stock worth $1,008,000 after buying an additional 2,949 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Adtalem Global Education by 7.9% during the 2nd quarter. Comerica Bank now owns 388,028 shares of the company’s stock worth $18,086,000 after buying an additional 28,344 shares during the last quarter. 97.07% of the stock is currently owned by institutional investors.
About Adtalem Global Education
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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