Adtalem Global Education Inc (ATGE) Insider Sells $401,918.50 in Stock
Adtalem Global Education Inc (NYSE:ATGE) insider Donna Jennings sold 6,950 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $57.83, for a total value of $401,918.50. Following the sale, the insider now directly owns 19,080 shares of the company’s stock, valued at $1,103,396.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Donna Jennings also recently made the following trade(s):
- On Tuesday, November 6th, Donna Jennings sold 4,302 shares of Adtalem Global Education stock. The stock was sold at an average price of $55.70, for a total value of $239,621.40.
ATGE opened at $54.50 on Friday. Adtalem Global Education Inc has a fifty-two week low of $41.76 and a fifty-two week high of $58.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $3.21 billion, a PE ratio of 19.60, a PEG ratio of 1.45 and a beta of 0.76.
A number of research firms have recently weighed in on ATGE. Barrington Research reaffirmed a “buy” rating and set a $60.00 price target on shares of Adtalem Global Education in a research note on Friday, October 5th. BMO Capital Markets raised their price target on Adtalem Global Education from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, November 5th. Robert W. Baird raised their price target on Adtalem Global Education from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Zacks Investment Research raised Adtalem Global Education from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Piper Jaffray Companies raised their price target on Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $58.20.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Adtalem Global Education by 772.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,792 shares of the company’s stock valued at $134,000 after acquiring an additional 2,472 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of Adtalem Global Education during the 2nd quarter valued at about $209,000. Seven Eight Capital LP acquired a new position in shares of Adtalem Global Education during the 3rd quarter valued at about $213,000. Hartford Investment Management Co. acquired a new position in shares of Adtalem Global Education during the 3rd quarter valued at about $228,000. Finally, Jane Street Group LLC acquired a new position in shares of Adtalem Global Education during the 2nd quarter valued at about $231,000. 98.27% of the stock is currently owned by institutional investors and hedge funds.
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Adtalem Global Education Company Profile
Adtalem Global Education, Inc engages in the provision of educational services. It operates through the following segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment includes the operations of Ross University medical and veterinary schools, Chamberlain College of Nursing and Carrington.
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