Adtalem Global Education Inc. (NYSE:ATGE) Sees Significant Growth in Short Interest
by Doug Wharley · The Cerbat GemAdtalem Global Education Inc. (NYSE:ATGE – Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 1,254,753 shares, a growth of 22.6% from the November 30th total of 1,023,085 shares. Based on an average daily volume of 588,293 shares, the short-interest ratio is currently 2.1 days. Approximately 3.5% of the shares of the stock are sold short. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 588,293 shares, the short-interest ratio is currently 2.1 days.
Adtalem Global Education Price Performance
Shares of NYSE:ATGE traded down $0.51 on Thursday, hitting $103.49. The company had a trading volume of 323,997 shares, compared to its average volume of 494,069. Adtalem Global Education has a 52-week low of $86.26 and a 52-week high of $156.26. The business has a 50 day moving average of $103.00 and a 200 day moving average of $121.35. The company has a market cap of $3.76 billion, a PE ratio of 15.49, a PEG ratio of 0.88 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.38.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $462.29 million during the quarter, compared to analyst estimates of $452.30 million. Adtalem Global Education had a return on equity of 18.74% and a net margin of 13.79%.The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. As a group, equities analysts anticipate that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ATGE has been the subject of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Adtalem Global Education in a report on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $158.00 price target on shares of Adtalem Global Education in a report on Friday, October 31st. Barrington Research restated an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a research report on Friday, October 31st. Robert W. Baird set a $163.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Finally, Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.50.
Read Our Latest Report on ATGE
Insider Buying and Selling
In other Adtalem Global Education news, Director Kenneth J. Phelan purchased 508 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was acquired at an average cost of $98.29 per share, for a total transaction of $49,931.32. Following the completion of the transaction, the director directly owned 18,783 shares in the company, valued at approximately $1,846,181.07. This represents a 2.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael W. Malafronte acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average price of $91.85 per share, for a total transaction of $91,850.00. Following the completion of the transaction, the director owned 100,445 shares in the company, valued at approximately $9,225,873.25. The trade was a 1.01% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.50% of the company’s stock.
Institutional Trading of Adtalem Global Education
Several large investors have recently added to or reduced their stakes in the business. Sachetta LLC bought a new stake in Adtalem Global Education in the 2nd quarter valued at $25,000. Penserra Capital Management LLC bought a new stake in Adtalem Global Education during the 2nd quarter worth about $28,000. Salomon & Ludwin LLC acquired a new position in Adtalem Global Education in the third quarter valued at approximately $28,000. UMB Bank n.a. boosted its position in shares of Adtalem Global Education by 79.7% in the 3rd quarter. UMB Bank n.a. now owns 266 shares of the company’s stock worth $41,000 after purchasing an additional 118 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Adtalem Global Education by 82.9% during the 2nd quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $44,000 after acquiring an additional 155 shares during the last quarter. 98.84% of the stock is owned by institutional investors.
Adtalem Global Education Company Profile
Adtalem Global Education (NYSE:ATGE) is a leading provider of postsecondary education and professional development solutions. Through a network of brands and institutions, the company delivers degree programs and continuing education in high-demand fields such as healthcare, business, technology and the sciences. Adtalem’s offerings span campus-based and online formats, catering to diverse learner needs and career stages.
The company’s portfolio includes Chamberlain University, which specializes in nursing and healthcare; Carrington College, offering career-focused programs in allied health, business and trades; Walden University, a fully online institution for graduate and undergraduate degrees; and a suite of medical and veterinary schools, including Ross University School of Medicine and Ross University School of Veterinary Medicine, both located in the Caribbean.