Adtalem Global Education Inc. (NYSE:ATGE) Director Lisa W. Wardell Sells 24,637 Shares of Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Adtalem Global Education Stock Up 0.6 %

Shares of NYSE ATGE opened at $75.94 on Friday. Adtalem Global Education Inc. has a 52-week low of $41.89 and a 52-week high of $80.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $2.86 billion, a P/E ratio of 28.38, a P/E/G ratio of 0.90 and a beta of 0.97. The firm has a 50 day moving average price of $72.78 and a 200 day moving average price of $61.03.

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

Analyst Upgrades and Downgrades

ATGE has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday. Finally, BMO Capital Markets increased their target price on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in shares of Adtalem Global Education by 7,430.0% during the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares in the last quarter. Quarry LP bought a new position in Adtalem Global Education in the second quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Adtalem Global Education in the first quarter valued at approximately $53,000. GAMMA Investing LLC increased its position in shares of Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after acquiring an additional 433 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Adtalem Global Education during the first quarter worth $56,000. 98.84% of the stock is owned by institutional investors and hedge funds.

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.