Insider Selling: Adtalem Global Education Inc. (NYSE:ATGE) Director Sells 7,292 Shares of Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Adtalem Global Education Stock Up 1.1 %

ATGE opened at $72.86 on Friday. The company has a market capitalization of $2.75 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The business has a 50-day moving average of $73.97 and a 200-day moving average of $63.00. Adtalem Global Education Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $80.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The company had revenue of $409.91 million during the quarter, compared to the consensus estimate of $398.64 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts forecast that Adtalem Global Education Inc. will post 5.72 EPS for the current fiscal year.

Institutional Trading of Adtalem Global Education

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Adtalem Global Education in the 2nd quarter valued at approximately $43,000. Covestor Ltd grew its holdings in Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education during the 1st quarter worth $53,000. Finally, Headlands Technologies LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter worth $56,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Ratings Changes

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

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.