Adtalem Global Education Inc. (NYSE:ATGE) Short Interest Down 5.1% in March

Adtalem Global Education Inc. (NYSE:ATGE) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,660,000 shares, a decrease of 5.1% from the March 15th total of 1,750,000 shares. Based on an average daily volume of 555,600 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.3% of the shares of the stock are sold short.

Adtalem Global Education Stock Performance

ATGE stock opened at $45.66 on Wednesday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 0.67 and a beta of 0.92. The firm has a 50-day simple moving average of $49.07 and a two-hundred day simple moving average of $52.57. Adtalem Global Education has a one year low of $33.59 and a one year 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.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The firm had revenue of $393.24 million during the quarter, compared to analyst estimates of $372.79 million. During the same period last year, the firm posted $1.17 EPS. Adtalem Global Education’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Adtalem Global Education will post 4.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Adtalem Global Education

A number of hedge funds and other institutional investors have recently made changes to their positions in ATGE. Phocas Financial Corp. acquired a new stake in Adtalem Global Education in the 4th quarter valued at $7,305,000. Comerica Bank lifted its holdings in Adtalem Global Education by 580.3% in the 3rd quarter. Comerica Bank now owns 122,427 shares of the company’s stock valued at $5,246,000 after purchasing an additional 104,431 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Adtalem Global Education in the 3rd quarter valued at $653,000. Deutsche Bank AG lifted its holdings in Adtalem Global Education by 11.9% in the 3rd quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in Adtalem Global Education in the 3rd quarter valued at $1,060,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ATGE. 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. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $56.67.

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.