Adtalem Global Education Inc. (NYSE:ATGE) Insider Michael Betz Sells 3,500 Shares of Stock

Adtalem Global Education Inc. (NYSE:ATGE) insider Michael Betz sold 3,500 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Adtalem Global Education Stock Down 2.0 %

Adtalem Global Education stock opened at $107.00 on Friday. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The firm’s fifty day moving average price is $94.99 and its two-hundred day moving average price is $83.48. Adtalem Global Education Inc. has a 1-year low of $45.16 and a 1-year 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.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results 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 net margin of 12.34% and a return on equity of 16.82%. On average, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ATGE. Barrington Research lifted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets upped their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas purchased a new position in Adtalem Global Education during the 4th quarter worth $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education during the third quarter valued at about $27,000. R Squared Ltd purchased a new position in Adtalem Global Education during the fourth quarter worth about $70,000. Parkside Financial Bank & Trust grew its position in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.