Insider Selling: Adtalem Global Education Inc. (NYSE:ATGE) Director Sells $509,165.80 in Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Donna J. Hrinak sold 4,685 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the sale, the director now directly owns 12,844 shares of the company’s stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Adtalem Global Education Price Performance

ATGE stock opened at $105.03 on Thursday. The stock’s 50 day moving average is $95.90 and its two-hundred day moving average is $84.10. Adtalem Global Education Inc. has a 52-week low of $45.16 and a 52-week high of $112.43. The company has a market capitalization of $3.91 billion, a PE ratio of 19.56, a P/E/G ratio of 1.17 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ATGE shares. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Barrington Research raised their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors have recently modified their holdings of the stock. USA Financial Formulas acquired a new position in Adtalem Global Education in the fourth quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in shares of Adtalem Global Education in the 3rd quarter worth approximately $27,000. R Squared Ltd acquired a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $70,000. Parkside Financial Bank & Trust raised its position in shares of Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after acquiring an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares during the last quarter. Institutional investors and hedge funds 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.