Adtalem Global Education Inc. (NYSE:ATGE) Director Donna J. Hrinak Sells 4,812 Shares

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 shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $105.71 on Wednesday. Adtalem Global Education Inc. has a 12-month low of $45.16 and a 12-month high of $112.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.94 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The company’s fifty day moving average is $97.03 and its two-hundred day moving average is $84.89.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share 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%. Equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of recent research reports. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research increased their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd.

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased 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 worth $417,305,000 after acquiring an additional 82,931 shares during the last quarter. State Street Corp increased its position in Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares during the last quarter. Capital World Investors increased its position in Adtalem Global Education by 5.2% during the fourth quarter. Capital World Investors now owns 1,016,441 shares of the company’s stock worth $92,344,000 after buying an additional 50,000 shares during the last quarter. Wellington Management Group LLP increased its position in Adtalem Global Education by 0.7% during the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock worth $75,049,000 after buying an additional 6,842 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Adtalem Global Education by 0.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company’s stock worth $61,713,000 after buying an additional 3,908 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

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.