Adtalem Global Education (NYSE:ATGE) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Adtalem Global Education (NYSE:ATGE - Free Report) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $135.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Barrington Research restated an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a report on Tuesday, April 15th. BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $110.00.

Adtalem Global Education Stock Down 0.7 %

Shares of NYSE:ATGE traded down $0.72 during trading on Wednesday, hitting $104.69. 145,897 shares of the company's stock traded hands, compared to its average volume of 438,923. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a 50-day moving average price of $100.66 and a 200-day moving average price of $94.32. Adtalem Global Education has a 52 week low of $48.94 and a 52 week high of $112.44.

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

Insider Buying and Selling at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the transaction, the director now directly owns 12,844 shares of the company's stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Betz sold 3,500 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 in the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Clear Creek Financial Management LLC boosted its holdings in Adtalem Global Education by 5.4% in the 1st quarter. Clear Creek Financial Management LLC now owns 14,354 shares of the company's stock worth $1,445,000 after acquiring an additional 741 shares during the period. Smith Group Asset Management LLC boosted its stake in Adtalem Global Education by 274.1% during the 1st quarter. Smith Group Asset Management LLC now owns 25,285 shares of the company's stock valued at $2,545,000 after purchasing an additional 18,526 shares during the period. Vontobel Holding Ltd. increased its position in Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock valued at $258,000 after acquiring an additional 155 shares during the period. Kendall Capital Management bought a new stake in shares of Adtalem Global Education during the first quarter valued at about $224,000. Finally, Diversified Trust Co bought a new position in Adtalem Global Education during the 1st quarter valued at $307,000. 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.