Adtalem Global Education Inc. (NYSE:ATGE) Director Sells $509,165.80 in Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the transaction, the director now owns 12,844 shares of the company’s stock, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $105.03 on Thursday. Adtalem Global Education Inc. has a 12-month low of $45.16 and a 12-month high of $112.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The business has a 50 day simple moving average of $95.90 and a 200 day simple moving average of $84.10.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barrington Research raised their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Institutional Trading of Adtalem Global Education

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its stake in shares of Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after acquiring an additional 110 shares during the period. Quantinno Capital Management LP increased its position in shares of Adtalem Global Education by 4.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after purchasing an additional 126 shares during the period. US Bancorp DE raised its stake in shares of Adtalem Global Education by 4.8% in the 4th quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after buying an additional 177 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after buying an additional 192 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.