Lisa W. Wardell Sells 28,301 Shares of Adtalem Global Education Inc. (NYSE:ATGE) Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Lisa W. Wardell sold 28,301 shares of Adtalem Global Education stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the completion of the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,959,137.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $73.65 on Thursday. The firm has a market capitalization of $2.77 billion, a PE ratio of 27.69, a PEG ratio of 0.88 and a beta of 0.97. Adtalem Global Education Inc. has a 1 year low of $41.89 and a 1 year high of $80.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $73.49 and its 200 day simple moving average is $61.81.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The company had revenue of $409.91 million for the quarter, compared to the consensus estimate of $398.64 million. During the same period last year, the business posted $1.03 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP bought a new position in shares of Adtalem Global Education during the 2nd quarter worth about $43,000. Covestor Ltd grew its position in Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after buying an additional 743 shares in the last quarter. GAMMA Investing LLC increased its stake in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after acquiring an additional 433 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Adtalem Global Education in the 1st quarter valued at approximately $53,000. Finally, Headlands Technologies LLC acquired a new position in Adtalem Global Education in the 1st quarter valued at approximately $56,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATGE has been the subject of several analyst reports. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th. Finally, StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th.

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.