Insider Selling: Adtalem Global Education Inc. (NYSE:ATGE) Director Sells 4,812 Shares of Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Donna J. Hrinak sold 4,812 shares of the firm’s 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 completion of the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Adtalem Global Education Stock Up 2.2 %

Shares of NYSE:ATGE traded up $2.24 during trading on Tuesday, hitting $105.71. 372,752 shares of the company’s stock traded hands, compared to its average volume of 410,808. Adtalem Global Education Inc. has a 52 week low of $45.16 and a 52 week 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. The company has a market cap 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. The company has a 50-day moving average price of $96.69 and a 200-day moving average price of $84.68.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data 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 return on equity of 16.82% and a net margin of 12.34%. As a group, research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas bought a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $27,000. R Squared Ltd bought a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $70,000. Parkside Financial Bank & Trust raised its stake 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 worth $72,000 after purchasing an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Adtalem Global Education by 196.9% during 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. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ATGE shares. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Barrington Research lifted their price objective on 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 cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

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.