Adtalem Global Education Inc. (NYSE:ATGE) Director Lisa W. Wardell Sells 19,936 Shares

Adtalem Global Education Inc. (NYSE:ATGE) Director Lisa W. Wardell sold 19,936 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $73.82, for a total value of $1,471,675.52. Following the sale, the director now owns 105,085 shares in the company, valued at $7,757,374.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Adtalem Global Education Price Performance

Adtalem Global Education stock traded down $1.61 during mid-day trading on Thursday, hitting $72.04. 362,244 shares of the company were exchanged, compared to its average volume of 496,444. The company has a market capitalization of $2.71 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. The business has a fifty day moving average of $73.49 and a 200 day moving average of $61.81. Adtalem Global Education Inc. has a 1-year low of $41.89 and a 1-year high of $80.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. The firm had revenue of $409.91 million during the quarter, compared to the consensus estimate of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. As a group, sell-side analysts expect that Adtalem Global Education Inc. will post 5.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Adtalem Global Education by 7,430.0% in the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after buying an additional 743 shares during the last quarter. Quarry LP bought a new position in shares of Adtalem Global Education in the second quarter worth about $43,000. DekaBank Deutsche Girozentrale bought a new position in shares of Adtalem Global Education in the first quarter worth about $53,000. GAMMA Investing LLC lifted 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 purchasing an additional 433 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Adtalem Global Education during the first quarter valued at approximately $56,000. Institutional investors own 98.84% of the company’s stock.

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.