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

Adtalem Global Education Stock Up 2.2 %

ATGE stock opened at $105.71 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a 52-week low of $45.16 and a 52-week high of $112.43. The company has a 50-day moving average of $97.03 and a two-hundred day moving average of $84.89. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97.

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, 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%. As a group, equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Adtalem Global Education by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company’s stock valued at $417,305,000 after buying an additional 82,931 shares during the period. State Street Corp lifted its stake in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after buying an additional 23,464 shares during the period. Capital World Investors lifted its stake in shares of Adtalem Global Education by 5.2% in the fourth quarter. Capital World Investors now owns 1,016,441 shares of the company’s stock valued at $92,344,000 after buying an additional 50,000 shares during the period. Wellington Management Group LLP lifted its stake in shares of Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after buying an additional 6,842 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Adtalem Global Education by 0.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company’s stock valued at $61,713,000 after buying an additional 3,908 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research upped 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, BMO Capital Markets upped their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

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.