Adtalem Global Education Inc. (NYSE:ATGE) Director William W. Burke Sells 4,000 Shares

Adtalem Global Education Inc. (NYSE:ATGE) Director William W. Burke sold 4,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Adtalem Global Education Stock Performance

NYSE ATGE traded up $0.16 during trading on Monday, reaching $91.57. The company’s stock had a trading volume of 496,206 shares, compared to its average volume of 462,097. The firm has a 50 day moving average price of $80.19 and a 200 day moving average price of $73.97. Adtalem Global Education Inc. has a 12 month low of $43.78 and a 12 month high of $92.93. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. As a group, equities analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ATGE. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barrington Research increased their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Adtalem Global Education by 11.7% in the third quarter. Franklin Resources Inc. now owns 12,138 shares of the company’s stock valued at $910,000 after acquiring an additional 1,267 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Adtalem Global Education in the 3rd quarter valued at $201,000. Sanctuary Advisors LLC raised its holdings in shares of Adtalem Global Education by 119.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,587 shares of the company’s stock worth $1,629,000 after buying an additional 11,759 shares in the last quarter. Invst LLC acquired a new position in shares of Adtalem Global Education during the 3rd quarter worth $205,000. Finally, Barclays PLC lifted its position in shares of Adtalem Global Education by 12.1% during the 3rd quarter. Barclays PLC now owns 66,669 shares of the company’s stock worth $5,031,000 after buying an additional 7,172 shares during the last quarter. Institutional investors and hedge funds 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.