Adtalem Global Education (NYSE:ATGE) had its price objective boosted by Robert W. Baird from $46.00 to $47.00 in a research report report published on Wednesday, February 7th. Robert W. Baird currently has a neutral rating on the stock.
Several other brokerages have also issued reports on ATGE. Zacks Investment Research lowered shares of Adtalem Global Education from a hold rating to a sell rating in a report on Tuesday, October 17th. BidaskClub raised shares of Adtalem Global Education from a hold rating to a buy rating in a research note on Thursday, November 2nd. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $35.00 to $38.00 and gave the stock a market perform rating in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies restated a buy rating and set a $59.00 price objective on shares of Adtalem Global Education in a research note on Monday, December 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Adtalem Global Education currently has an average rating of Buy and an average target price of $50.33.
Adtalem Global Education (NYSE ATGE) traded up $0.25 during midday trading on Wednesday, reaching $47.35. The company’s stock had a trading volume of 121,572 shares, compared to its average volume of 677,970. The firm has a market capitalization of $2,793.84, a P/E ratio of 294.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.01. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. Adtalem Global Education has a 12 month low of $30.15 and a 12 month high of $47.45.
In related news, insider Ronald L. Taylor sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $45.33, for a total transaction of $4,533,000.00. Following the sale, the insider now owns 643,620 shares in the company, valued at approximately $29,175,294.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna Jennings sold 4,582 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $45.00, for a total transaction of $206,190.00. Following the completion of the sale, the senior vice president now owns 16,794 shares in the company, valued at approximately $755,730. The disclosure for this sale can be found here. 3.04% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. bought a new position in Adtalem Global Education during the fourth quarter worth $207,000. BlueCrest Capital Management Ltd bought a new stake in Adtalem Global Education in the fourth quarter valued at $209,000. Tower Research Capital LLC TRC bought a new stake in Adtalem Global Education in the second quarter valued at $223,000. Shelton Capital Management bought a new stake in Adtalem Global Education in the second quarter valued at $224,000. Finally, Hanseatic Management Services Inc. increased its stake in Adtalem Global Education by 18.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 7,521 shares of the company’s stock valued at $316,000 after purchasing an additional 1,146 shares in the last quarter.
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About Adtalem Global Education
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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