Short Interest in Adtalem Global Education Inc. (NYSE:ATGE) Expands By 18.1%

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,180,000 shares, a growth of 18.1% from the March 15th total of 998,900 shares. Based on an average trading volume of 455,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.2% of the company's stock are sold short.

Adtalem Global Education Stock Performance

NYSE:ATGE traded up $1.01 on Friday, hitting $105.46. The stock had a trading volume of 275,674 shares, compared to its average volume of 440,067. Adtalem Global Education has a 52-week low of $47.60 and a 52-week high of $112.44. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The business's 50-day simple moving average is $100.66 and its two-hundred day simple moving average is $94.02.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, research analysts predict that Adtalem Global Education will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ATGE. Barrington Research reissued an "outperform" rating and issued a $120.00 target price on shares of Adtalem Global Education in a report on Tuesday, April 15th. Jefferies Financial Group started coverage on Adtalem Global Education in a research report on Wednesday. They issued a "buy" rating and a $135.00 price objective on the stock. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets lifted their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $110.00.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds have recently modified their holdings of ATGE. USA Financial Formulas purchased a new position in shares of Adtalem Global Education during the 4th quarter valued at $26,000. Fifth Third Bancorp raised its holdings in Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after acquiring an additional 104 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Adtalem Global Education in the first quarter valued at about $31,000. R Squared Ltd purchased a new position in shares of Adtalem Global Education in the fourth quarter valued at about $70,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after acquiring an additional 776 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Company Profile

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.