Adtalem Global Education Inc. (NYSE:ATGE) Sees Significant Growth in Short Interest

Adtalem Global Education Inc. (NYSE:ATGEGet Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,750,000 shares, a growth of 8.7% from the February 29th total of 1,610,000 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 548,200 shares, the days-to-cover ratio is presently 3.2 days.

Adtalem Global Education Price Performance

NYSE ATGE traded down $0.08 on Wednesday, hitting $51.45. The stock had a trading volume of 29,139 shares, compared to its average volume of 551,509. Adtalem Global Education has a 52-week low of $33.59 and a 52-week high of $62.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92. The firm has a 50-day moving average of $50.06 and a 200-day moving average of $52.20.

Adtalem Global Education (NYSE:ATGEGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $393.24 million for the quarter, compared to analyst estimates of $372.79 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. Equities analysts expect that Adtalem Global Education will post 4.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ATGE shares. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Barrington Research upped their price target on shares of Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $56.67.

Read Our Latest Report on Adtalem Global Education

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Adtalem Global Education by 65.2% in the 3rd quarter. Royal Bank of Canada now owns 727 shares of the company’s stock worth $27,000 after buying an additional 287 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Adtalem Global Education by 336.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 737 shares of the company’s stock valued at $32,000 after purchasing an additional 568 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Adtalem Global Education by 41.4% during the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after purchasing an additional 305 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Adtalem Global Education during the 2nd quarter valued at $35,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Adtalem Global Education by 19.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

(Get Free Report)

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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