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

Adtalem Global Education Inc. (NYSE:ATGE) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,838,876 shares, an increase of 23.3% from the January 29th total of 1,490,855 shares. Approximately 5.5% of the company’s stock are sold short. Based on an average daily trading volume, of 480,532 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily trading volume, of 480,532 shares, the days-to-cover ratio is currently 3.8 days. Approximately 5.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Adtalem Global Education

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lingohr Asset Management GmbH bought a new position in Adtalem Global Education during the third quarter worth $4,788,000. Renaissance Group LLC acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $9,156,000. AlphaQuest LLC lifted its stake in shares of Adtalem Global Education by 221.0% during the 3rd quarter. AlphaQuest LLC now owns 8,564 shares of the company’s stock worth $1,323,000 after buying an additional 5,896 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $2,055,000. Finally, Peregrine Asset Advisers Inc. grew its stake in Adtalem Global Education by 21.2% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 69,012 shares of the company’s stock valued at $10,659,000 after buying an additional 12,058 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Up 2.0%

Shares of NYSE ATGE traded up $1.90 during trading hours on Wednesday, hitting $98.54. The company had a trading volume of 683,151 shares, compared to its average volume of 541,621. Adtalem Global Education has a 1-year low of $86.26 and a 1-year high of $156.26. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $105.88 and its 200-day moving average is $116.80. The stock has a market capitalization of $3.40 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.71.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.24. Adtalem Global Education had a net margin of 13.41% and a return on equity of 20.24%. The firm had revenue of $503.39 million for the quarter, compared to analyst estimates of $488.72 million. During the same period in the prior year, the firm posted $1.81 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.800-8.000 EPS. On average, analysts expect that Adtalem Global Education will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several research reports. Weiss Ratings cut Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barrington Research reissued an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a research report on Thursday, January 29th. Finally, BMO Capital Markets restated an “outperform” rating and set a $138.00 target price on shares of Adtalem Global Education in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Adtalem Global Education has an average rating of “Moderate Buy” and an average price target of $151.50.

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.