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 the firm’s stock in a transaction dated 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 $1,395,885.92. The trade was a 26.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $107.95 on Tuesday. Adtalem Global Education Inc. has a 12-month low of $45.16 and a 12-month high of $112.43. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.17 and a beta of 0.97. The stock’s 50 day moving average price is $95.32 and its two-hundred day moving average price is $83.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ATGE shares. BMO Capital Markets raised their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Barrington Research raised their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Institutional Trading of Adtalem Global Education

Hedge funds and other institutional investors have recently modified their holdings of the stock. USA Financial Formulas bought a new position in Adtalem Global Education in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education during the third quarter worth approximately $27,000. R Squared Ltd acquired a new stake in Adtalem Global Education during the 4th quarter worth approximately $70,000. Parkside Financial Bank & Trust boosted its stake in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after purchasing an additional 776 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after buying an additional 634 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

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.