Adtalem Global Education Inc (NYSE:ATGE) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,990,000 shares, a decline of 15.8% from the September 30th total of 3,550,000 shares. Based on an average trading volume of 630,400 shares, the short-interest ratio is presently 4.7 days. Currently, 5.6% of the shares of the stock are sold short.
In other news, insider Holland Katherine Alice Boden bought 2,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost of $31.99 per share, with a total value of $63,980.00. Following the completion of the acquisition, the insider now directly owns 16,367 shares in the company, valued at $523,580.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick J. Unzicker sold 2,297 shares of Adtalem Global Education 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 transaction, the insider now directly owns 32,908 shares in the company, valued at $1,494,023.20. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Adtalem Global Education by 7.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,363,352 shares of the company’s stock valued at $51,929,000 after buying an additional 97,961 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Adtalem Global Education by 87.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 147,544 shares of the company’s stock valued at $5,620,000 after buying an additional 68,795 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Adtalem Global Education by 223.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,313 shares of the company’s stock valued at $88,000 after buying an additional 1,598 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Adtalem Global Education by 2,168.2% during the 3rd quarter. SG Americas Securities LLC now owns 93,155 shares of the company’s stock valued at $3,548,000 after buying an additional 89,048 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Adtalem Global Education by 1.3% during the 3rd quarter. First Trust Advisors LP now owns 47,579 shares of the company’s stock valued at $1,812,000 after buying an additional 615 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.12). The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $301.66 million. Adtalem Global Education had a return on equity of 11.44% and a net margin of 9.84%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. On average, sell-side analysts expect that Adtalem Global Education will post 2.46 EPS for the current year.
A number of research analysts recently issued reports on the company. Barrington Research reaffirmed a “buy” rating on shares of Adtalem Global Education in a report on Thursday, October 31st. TheStreet lowered Adtalem Global Education from a “b-” rating to a “c” rating in a report on Tuesday, October 29th. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 target price on the stock. in a report on Wednesday, September 18th. BMO Capital Markets lifted their price target on Adtalem Global Education from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Finally, Sidoti assumed coverage on Adtalem Global Education in a research note on Thursday, September 12th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.75.
Adtalem Global Education Company Profile
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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