Adtalem Global Education Inc. (NYSE:ATGE) CAO Manjunath Gangadharan Sells 944 Shares of Stock

Adtalem Global Education Inc. (NYSE:ATGE) CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the sale, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at $355,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Adtalem Global Education Price Performance

ATGE stock traded up $0.02 during trading on Thursday, hitting $75.49. 333,158 shares of the stock traded hands, compared to its average volume of 498,568. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 0.90 and a beta of 0.97. Adtalem Global Education Inc. has a one year low of $41.89 and a one year high of $80.18. The company has a 50 day simple moving average of $72.54 and a 200 day simple moving average of $60.93.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. Adtalem Global Education’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Equities analysts expect that Adtalem Global Education Inc. will post 4.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ATGE. Robert W. Baird increased their target price on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a research note on Thursday.

Institutional Investors Weigh In On Adtalem Global Education

A number of hedge funds have recently added to or reduced their stakes in ATGE. BNP Paribas Financial Markets boosted its stake in shares of Adtalem Global Education by 133.8% in the 1st quarter. BNP Paribas Financial Markets now owns 47,394 shares of the company’s stock valued at $2,436,000 after purchasing an additional 27,124 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter valued at $565,000. Bridgewater Associates LP lifted its stake in shares of Adtalem Global Education by 125.3% in the 4th quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock valued at $13,369,000 after purchasing an additional 126,114 shares during the period. Vanguard Group Inc. boosted its position in shares of Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after purchasing an additional 100,705 shares during the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Adtalem Global Education during the first quarter worth $935,000. 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.