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 dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now directly owns 8,032 shares of the company’s stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Adtalem Global Education Stock Down 1.4 %

Shares of NYSE ATGE opened at $105.00 on Friday. Adtalem Global Education Inc. has a 12 month low of $45.16 and a 12 month high of $112.43. 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 firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.14 and a beta of 0.97. The business has a 50-day moving average of $97.70 and a 200-day moving average of $85.18.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on ATGE shares. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research boosted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, BMO Capital Markets boosted their price objective on 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

A number of hedge funds have recently bought and sold shares of ATGE. Net Worth Advisory Group bought a new stake in Adtalem Global Education in the 3rd quarter worth approximately $209,000. Allspring Global Investments Holdings LLC lifted its position 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 buying an additional 4,246 shares during the last quarter. Assenagon Asset Management S.A. lifted its position 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 buying an additional 65,945 shares during the last quarter. New York State Teachers Retirement System lifted its position 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 buying an additional 641 shares during the last quarter. Finally, Clear Creek Financial Management LLC lifted its position 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 buying an additional 439 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

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.