Adtalem Global Education Inc. (NYSE:ATGE) Director Sells $496,887.12 in Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $105.00 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $97.70 and its two-hundred day simple moving average is $85.18. Adtalem Global Education Inc. has a 1-year low of $45.16 and a 1-year high of $112.43. The stock has a market cap of $3.91 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.14 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share 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%. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Adtalem Global Education

Hedge funds have recently made changes to their positions in the business. Net Worth Advisory Group purchased a new stake in Adtalem Global Education in the 3rd quarter worth about $209,000. Allspring Global Investments Holdings LLC increased its holdings in Adtalem Global Education by 4.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after acquiring an additional 4,246 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Adtalem Global Education by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 54,154 shares of the company’s stock worth $4,088,000 after acquiring an additional 641 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its holdings in Adtalem Global Education by 3.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock worth $1,043,000 after acquiring an additional 439 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research raised their price objective on 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, BMO Capital Markets raised their price objective 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.

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.