Adtalem Global Education Inc (NYSE: ATGE) is 8.06% higher on its value in year-to-date trading and has touched a low of $43.78 and a high of $98.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATGE stock was last observed hovering at around $97.34 in the last trading session, with the day’s gains setting it 0.83%.
Currently trading at $98.17, the stock is 6.08% and 8.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 0.85% at the moment leaves the stock 33.48% off its SMA200. ATGE registered 67.58% gain for a year compared to 6-month gain of 25.81%. The firm has a 50-day simple moving average (SMA 50) of $90.6578 and a 200-day simple moving average (SMA200) of $73.5493.
The stock witnessed a 7.32% loss in the last 1 month and extending the period to 3 months gives it a 31.90%, and is 7.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.66% over the week and 3.06% over the month.
Adtalem Global Education Inc (ATGE) has around 9938 employees, a market worth around $3.68B and $1.63B in sales. Current P/E ratio is 22.48 and Fwd P/E is 14.34. Profit margin for the company is 10.55%. Distance from 52-week low is 124.26% and -0.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.83%).
with sales reaching $429.24M over the same period.The EPS is expected to grow by 17.56% this year, but quarterly earnings will post 8.47% year-over-year. Quarterly sales are estimated to grow 9.15% in year-over-year returns.
Adtalem Global Education Inc (ATGE) Top Institutional Holders
405.0 institutions hold shares in Adtalem Global Education Inc (ATGE), with institutional investors hold 104.30% of the company’s shares. The shares outstanding are 37.72M, and float is at 36.58M with Short Float at 2.22%. Institutions hold 101.89% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.97 million shares valued at $407.37 million. The investor’s holdings represent 15.4272% of the ATGE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.39 million shares valued at $299.31 million to account for 11.3348 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.16 million shares representing 8.1581% and valued at over $215.42 million, while ARIEL INVESTMENTS, LLC holds 7.5988 of the shares totaling 2.94 million with a market value of $200.66 million.
Adtalem Global Education Inc (ATGE) Insider Activity
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Adtalem Global Education Inc disclosed in a document filed with the SEC on Nov 29 ’24 that BURKE WILLIAM W (Director) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $90.39 per share for $0.36 million. Following the transaction, the insider now directly holds 11659.0 shares of the ATGE stock.
Still, SEC filings show that on Nov 29 ’24, WILLIAM W. BURKE (Director) Proposed Sale 4,000 shares at an average price of $90.75 for $0.36 million. The insider now directly holds shares of Adtalem Global Education Inc (ATGE).
