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

Adtalem Global Education Inc. (NYSE:ATGE) Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares of the company’s stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adtalem Global Education Trading Up 0.6 %

NYSE:ATGE opened at $106.56 on Thursday. The company has a market capitalization of $3.97 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.11 and a beta of 0.97. The stock’s 50 day moving average price is $97.39 and its 200 day moving average price is $85.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a 52 week low of $45.16 and a 52 week high of $112.43.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Adtalem Global Education

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Adtalem Global Education by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company’s stock valued at $417,305,000 after acquiring an additional 82,931 shares during the last quarter. State Street Corp boosted 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 purchasing an additional 23,464 shares during the period. Capital World Investors grew its holdings 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 valued at $92,344,000 after purchasing an additional 50,000 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Adtalem Global Education by 0.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company’s stock valued at $61,713,000 after purchasing an additional 3,908 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Barrington Research increased their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.