It has been reported that multiple insider activity took place at Adtalem Global Education Inc. (ATGE). Director WHITE JAMES D sold 2,936 shares for $6,523 in transaction occurred on 2019/02/19. After making this transaction, Director owns a direct stake of -11 shares, worth $285,251, as per the last closing price. On 2019/02/13 Filgueiras Carlos, Group President, Tech/Business at ATGE, dumped 3,205 shares at an average price of $48.22 per share. The selling total is valued at $514,921.
Senior Vice President,, Jennings Donna had divested 6,950 shares for $13,481 through a trade on 2018/11/30. Following this activity, the insider holds -24 shares worth $589,524 as of recent close.
DFA U.S. Small Cap Value Series revealed as top hedge fund owner in Adtalem Global Education Inc. (ATGE) with a stake of over 2.07M ATGE shares as of October 30, with a market value of approx. $104.84M as of today. The second largest holder, iShares Core S&P Midcap ETF, with 1.67M shares which equates to $77.13M worth of the stock. At third is Vanguard Small-Cap Index Fund, which stood pat with 1.53M shares, a 2.91% position in Adtalem Global Education Inc., worth $73.82M. The insider holding in stood at 0.1% while institutions hold 99.6%.
Adtalem Global Education Inc. (NYSE:ATGE) rose 0.71% in recent trade and currently has a stock-market value of $2.54B. The shares finished at $43.73, after trading as low as $42.7 earlier in the session. It hit an intraday high Wednesday at $44.03. Trading activity significantly improved as the volume at ready counter increased to 348,372 shares versus 336,535 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 348,475 shares. The stock is now 2.29% above against its bear-market low of $42.75 on May 15, 2019. It has retreated -34.46% since it’s 52-week high of $58.8 reached in November. Now the market price is down -3.25% on the year and down -7.59% YTD.
ATGE stock’s 50 day simple moving average (SMA 50) price is $47.39 and its 200-day simple moving average (SMA 200) price is $49.26. The company’s stock currently has a total float of 55.95M shares. Its weekly volatility is hovering around 3.1% and felt 2.81% volatility in price over a month. On the upside, the share price will test short term resistance at around $44.27. On a downside, the stock is likely to find some support, which begins at $42.94. The failure to get near-term support could push it to $42.16.
When looking at valuations, Adtalem Global Education Inc. (ATGE) has a cheap P/E of 20.02x as compared to industry average of 41.92x. Moreover, it trades for 13.67 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.81x price/book and 2.24x price/sales. Compared to others, Adtalem Global Education Inc. is in a different league with regards to profitability, having net margins of 9.5%. To put some perspective around this, the industry’s average net margin is -6.01%. ATGE’s ROE is 7.5%, which is also considerably worse than the industry’s ROE of 8.3%. It’s also very liquid in the near term, with a current ratio of 1.7. The stock has a debt/capital of 0.21.
Shares of ATGE have dropped -13.2% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Adtalem Global Education Inc. (NYSE:ATGE) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. ATGE last reported earnings that exceeded expectations. The company raked in $0.68 per share, -85.28% change on the same period last year. That was better than consensus for $0.65. Revenue for the recent quarter stood at $308.61 million, down -10% on last year and below the $315.35 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $324.7 million to $327.2 million, which should be compared with $363.1 million generated last year. EPS is seen in a range of $0.82 to $0.85, against the $0.89 reported a year ago.