Adtalem Global Education Inc. (NYSE:ATGE – Get Free Report) saw a significant increase in short interest in March. As of March 15th, short interest totaled 1.75 million shares, an 8.7% increase from February 29th's total of 1.61 million shares. Approximately 4.6% of the company's shares are sold short. Based on average daily volume of 548,200 shares, the short ratio is currently 3.2 days.
Adtalem Global Education Institutional Trading
Large investors have recently changed their ownership percentages in the business. Royal Bank of Canada increased its holdings in Adtalem Global Education by 65.2% in the 3rd quarter. Royal Bank of Canada now owns 727 shares of the company's stock valued at $27,000 after acquiring an additional 287 shares in the last quarter. Ronald Blue Trust Inc. grew his stake in Adtalem Global Education by 336.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company's stock valued at $32,000 after purchasing an additional 568 shares in the last quarter. Blue Trust Inc. grew his stake in Adtalem Global Education by 41.4% in the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company's stock worth $61,000 after purchasing an additional 305 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Adtalem Global Education in the 2nd quarter worth approximately $35,000. Finally, Daiwa Securities Group Inc. increased its stake in Adtalem Global Education by 19.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company's stock valued at $75,000 after purchasing an additional 210 shares last quarter. Currently, 98.84% of the stock is held by institutional investors and hedge funds.
Analyst upgrades and downgrades
Several analysts have recently published reports on ATGE stock. Barrington Research increased their target price on Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 19th. StockNews.com downgraded Adtalem Global Education from a “strong buy” rating to a “buy” rating in a report on Wednesday, February 7th. According to MarketBeat.com, 4 research analysts rate the stock as a Buy. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $56.67.
Read our latest analysis for ATGE
Adtalem Global Education Stock 1.8 %
Adtalem Global Education shares began trading at $52.32 on Tuesday. His 50 day moving average for this company is $50.27 and his 200 day moving average is $52.14. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95, and a quick ratio of 0.95. The company has a market capitalization of $2.05 billion, a P/E ratio of 19.16x, a P/E ratio of 0.74x, and a beta of 0.92x. Adtalem Global Education has a 1-year low of $33.59 and a 1-year high of $62.99.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last issued its earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. The company had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net profit margin of 7.93%. The company's revenue increased 8.4% year-on-year. The company's earnings per share for the same period last year were $1.17. Equities analysts predict that, as a group, Adtalem Global Education will post 4.64 EPS for the current fiscal year.
About Adtalem Global Education
(Get Free Report)
Adtalem Global Education Inc provides workforce solutions around the world. The company operates through three segments: Chamberlain, Walden, Medical and Veterinary. The Chamberlain Division offers degree and non-degree programs in the nursing and health professions higher education industry. This segment operates Chamberlain University.
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