Adtalem Global Education Inc. (NYSE:ATGE) Director William W. Burke Sells 4,000 Shares

Adtalem Global Education Inc. (NYSE:ATGE) Director William W. Burke sold 4,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $91.51 on Tuesday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.03 and a beta of 0.95. The firm’s 50-day moving average price is $80.19 and its 200-day moving average price is $73.97. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same period in the prior year, the business earned $0.93 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adtalem Global Education

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Adtalem Global Education by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,639 shares of the company’s stock valued at $1,627,000 after buying an additional 1,197 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Adtalem Global Education in the 1st quarter valued at about $53,000. GAMMA Investing LLC boosted its stake in Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares during the last quarter. Gladius Capital Management LP bought a new stake in Adtalem Global Education during the 2nd quarter worth approximately $142,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Adtalem Global Education in the second quarter worth approximately $1,301,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ATGE shares. Barrington Research boosted their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

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.