Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Down 20.1% in August

Key Points

• Adtalem Global Education's short interest decreased by 20.1% in August, with 789,100 shares sold short as of August 15th, representing 2.3% of the total shares.
• Research analysts have mixed ratings on the stock, with Barrington Research raising its price target to $150.00 while Zacks downgraded it to a "hold," resulting in a consensus price target of $139.00.
• The company reported $1.66 earnings per share for its last quarter, exceeding estimates and marking an 11.5% revenue increase year-over-year.

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 789,100 shares, a decrease of 20.1% from the July 31st total of 987,100 shares. Currently, 2.3% of the company's stock are sold short. Based on an average daily volume of 433,400 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 433,400 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.3% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several research reports. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Barrington Research increased their price objective on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Adtalem Global Education presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Stock Performance

Shares of NYSE:ATGE traded down $1.27 during trading hours on Friday, hitting $137.33. The stock had a trading volume of 228,830 shares, compared to its average volume of 336,642. The stock's fifty day simple moving average is $124.53 and its 200 day simple moving average is $117.17. Adtalem Global Education has a 1-year low of $71.09 and a 1-year high of $140.12. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.51 by $0.15. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $457.11 million for the quarter, compared to analyst estimates of $440.93 million. During the same quarter last year, the business earned $1.37 earnings per share. Adtalem Global Education's revenue was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Sell-side analysts anticipate that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value of $128,072.48. Following the sale, the chief accounting officer owned 4,901 shares in the company, valued at approximately $664,918.67. This represents a 16.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 25,477 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the completion of the sale, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,713 shares of company stock worth $7,702,094. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Adtalem Global Education

Large investors have recently made changes to their positions in the company. Baird Financial Group Inc. acquired a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $201,000. Deutsche Bank AG increased its stake in shares of Adtalem Global Education by 19.7% during the fourth quarter. Deutsche Bank AG now owns 67,054 shares of the company's stock valued at $6,092,000 after acquiring an additional 11,054 shares during the period. Focus Partners Wealth acquired a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $492,000. Gotham Asset Management LLC increased its stake in shares of Adtalem Global Education by 15.5% during the fourth quarter. Gotham Asset Management LLC now owns 15,646 shares of the company's stock valued at $1,421,000 after acquiring an additional 2,094 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Adtalem Global Education by 100.2% during the fourth quarter. Lazard Asset Management LLC now owns 47,201 shares of the company's stock valued at $4,287,000 after acquiring an additional 23,626 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

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.