Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $113.35 and last traded at $112.73, with a volume of 106314 shares changing hands. The stock had previously closed at $107.24.
Analysts Set New Price Targets
ATGE has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price on the stock. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Barrington Research reiterated an "outperform" rating and issued a $120.00 target price on shares of Adtalem Global Education in a report on Tuesday, April 15th. Finally, BMO Capital Markets upped their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd.
Get Our Latest Stock Analysis on ATGE
Adtalem Global Education Stock Up 2.0 %
The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The business has a fifty day moving average price of $101.91 and a two-hundred day moving average price of $95.92.
Adtalem Global Education declared that its board has initiated a share repurchase program on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.
Insider Buying and Selling at Adtalem Global Education
In other news, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction dated 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 transaction, the director now owns 8,032 shares of the company's stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company's stock.
Institutional Investors Weigh In On Adtalem Global Education
Several hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in shares of Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after purchasing an additional 110 shares during the period. Bailard Inc. acquired a new position in shares of Adtalem Global Education in the fourth quarter worth about $379,000. Smith Group Asset Management LLC purchased a new stake in shares of Adtalem Global Education during the 4th quarter worth about $614,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $272,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Adtalem Global Education in the 4th quarter valued at about $2,368,000. Hedge funds and other institutional investors own 98.84% of the company's stock.
About Adtalem Global Education
(
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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.
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