Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Update

Adtalem Global Education Inc. (NYSE:ATGE) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,240,000 shares, a growth of 11.4% from the June 30th total of 2,010,000 shares. Approximately 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 477,200 shares, the short-interest ratio is presently 4.7 days.

Insider Activity at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 946 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $65.75, for a total transaction of $62,199.50. Following the sale, the chief accounting officer now directly owns 6,040 shares of the company’s stock, valued at $397,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Adtalem Global Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in 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 buying an additional 305 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in Adtalem Global Education by 61.1% during the 4th quarter. Clear Creek Financial Management LLC now owns 15,676 shares of the company’s stock valued at $924,000 after buying an additional 5,948 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Adtalem Global Education by 1,584.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,786 shares of the company’s stock valued at $2,994,000 after buying an additional 47,771 shares in the last quarter. Cerity Partners LLC purchased a new position in Adtalem Global Education during the 4th quarter valued at approximately $266,000. Finally, Louisiana State Employees Retirement System purchased a new position in Adtalem Global Education during the 4th quarter valued at approximately $1,173,000. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE traded down $0.06 during trading on Monday, hitting $78.75. The company had a trading volume of 358,732 shares, compared to its average volume of 505,616. The stock has a 50 day simple moving average of $68.56 and a 200 day simple moving average of $58.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 0.76. Adtalem Global Education has a 12 month low of $41.79 and a 12 month high of $80.18. The firm has a market capitalization of $2.96 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.16 by $0.34. The firm had revenue of $412.70 million for the quarter, compared to the consensus estimate of $391.68 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 earnings per share. As a group, analysts anticipate that Adtalem Global Education will post 4.9 earnings per share for the current year.

Wall Street Analyst Weigh In

ATGE has been the topic of a number of recent research reports. Robert W. Baird increased their target price on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Barrington Research increased their target price on Adtalem Global Education from $70.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th.

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.