Adtalem Global Education (NYSE:ATGE) Trading Up 6.3% – Here’s What Happened

by · The Cerbat Gem

Shares of Adtalem Global Education Inc. (NYSE:ATGE – Get Free Report) shot up 6.3% during trading on Monday . The stock traded as high as $98.50 and last traded at $98.75. 36,839 shares were traded during mid-day trading, a decline of 92% from the average session volume of 486,718 shares. The stock had previously closed at $92.88.

Analysts Set New Price Targets

Several analysts have issued reports on ATGE shares. Barrington Research restated an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a research note on Friday, October 31st. Robert W. Baird set a $163.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Adtalem Global Education in a research note on Monday. Wall Street Zen downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $158.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.50.

Get Our Latest Research Report on ATGE

Adtalem Global Education Stock Up 3.6%

The company has a fifty day moving average price of $113.06 and a 200 day moving average price of $123.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $3.68 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.83 and a beta of 0.73.

Adtalem Global Education (NYSE:ATGE – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $462.29 million for the quarter, compared to analyst estimates of $452.30 million. Adtalem Global Education had a net margin of 13.79% and a return on equity of 18.74%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. As a group, analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Activity

In related news, Director Michael W. Malafronte purchased 1,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $91.85 per share, for a total transaction of $91,850.00. Following the purchase, the director owned 100,445 shares of the company’s stock, valued at $9,225,873.25. This trade represents a 1.01% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Phelan purchased 508 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average cost of $98.29 per share, with a total value of $49,931.32. Following the completion of the acquisition, the director directly owned 18,783 shares of the company’s stock, valued at $1,846,181.07. This trade represents a 2.78% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL purchased a new position in Adtalem Global Education during the 3rd quarter valued at about $676,000. Severin Investments LLC acquired a new position in shares of Adtalem Global Education during the 3rd quarter worth about $502,000. Swiss Life Asset Management Ltd purchased a new position in shares of Adtalem Global Education in the 3rd quarter valued at about $266,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $585,000. Finally, Coldstream Capital Management Inc. purchased a new position in Adtalem Global Education in the third quarter valued at approximately $258,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

(Get Free Report)

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.

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