Adtalem Global Education Inc. (NYSE:ATGE) CAO Manjunath Gangadharan Sells 946 Shares

Adtalem Global Education Inc. (NYSE:ATGE) CAO Manjunath Gangadharan sold 946 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $65.75, for a total transaction of $62,199.50. Following the completion of the transaction, the chief accounting officer now owns 6,040 shares of the company’s stock, valued at approximately $397,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adtalem Global Education Stock Up 0.8 %

Shares of NYSE:ATGE opened at $65.54 on Friday. The firm has a 50 day simple moving average of $54.13 and a 200-day simple moving average of $54.65. Adtalem Global Education Inc. has a twelve month low of $33.59 and a twelve month high of $67.69. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.46 billion, a PE ratio of 24.64, a P/E/G ratio of 0.89 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The firm had revenue of $412.70 million during the quarter, compared to analysts’ expectations of $391.68 million. During the same period in the previous year, the company earned $1.13 earnings per share. Adtalem Global Education’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Adtalem Global Education Inc. will post 4.9 EPS for the current fiscal year.

Institutional Trading of Adtalem Global Education

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd increased its position in Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after buying an additional 743 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Adtalem Global Education in the 3rd quarter valued at $56,000. Headlands Technologies LLC acquired a new position in shares of Adtalem Global Education in the 1st quarter valued at $56,000. Blue Trust Inc. raised its position in Adtalem Global Education by 41.4% in the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after purchasing an additional 305 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Adtalem Global Education by 19.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock worth $75,000 after purchasing an additional 210 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ATGE shares. Robert W. Baird lifted 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 report on Friday, May 3rd. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Barrington Research increased their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 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.