Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Down 34.2% in May

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,040,000 shares, a decrease of 34.2% from the May 15th total of 1,580,000 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 539,900 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of research analyst reports. Barrington Research upped their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Wall Street Zen lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Finally, BMO Capital Markets increased their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th.

Adtalem Global Education Price Performance

ATGE stock traded up $1.50 on Thursday, hitting $124.41. 423,817 shares of the company's stock traded hands, compared to its average volume of 460,263. Adtalem Global Education has a 1-year low of $63.24 and a 1-year high of $140.12. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.27 and a beta of 0.92. The stock has a fifty day moving average of $119.87 and a 200-day moving average of $105.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The business had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. During the same period in the prior year, the business earned $1.50 earnings per share. The business's quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts forecast that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has initiated a share buyback plan on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the sale, the director now directly owns 9,368 shares of the company's stock, valued at approximately $1,202,382.80. This represents a 19.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Adtalem Global Education

A number of large investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its holdings in shares of Adtalem Global Education by 36.9% during the first quarter. Voya Investment Management LLC now owns 29,986 shares of the company's stock valued at $3,018,000 after acquiring an additional 8,076 shares during the period. Invst LLC raised its holdings in shares of Adtalem Global Education by 209.1% during the first quarter. Invst LLC now owns 8,198 shares of the company's stock valued at $825,000 after acquiring an additional 5,546 shares during the period. Strs Ohio acquired a new stake in shares of Adtalem Global Education during the first quarter valued at approximately $1,167,000. Acadian Asset Management LLC raised its holdings in shares of Adtalem Global Education by 222.0% during the first quarter. Acadian Asset Management LLC now owns 27,758 shares of the company's stock valued at $2,790,000 after acquiring an additional 19,137 shares during the period. Finally, Intech Investment Management LLC raised its holdings in shares of Adtalem Global Education by 205.8% during the first quarter. Intech Investment Management LLC now owns 82,009 shares of the company's stock valued at $8,253,000 after acquiring an additional 55,195 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

About Adtalem Global Education

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.