Adtalem Global Education Inc. (NYSE:ATGE – Get a rating) Director Lisa W. Wardell sold 30,564 shares in a trade on Monday, November 7. The shares were sold at an average price of $43.17, for a total transaction of $1,319,447.88. Following the transaction, the administrator now directly owns 319,974 shares of the company, valued at approximately $13,813,277.58. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink.
Adtalem Global Education is trading down 3.2%
ATGE traded at $1.43 in the midday session on Wednesday, reaching $42.69. 342,286 shares of the company were traded, compared to its average volume of 444,671. Adtalem Global Education Inc. has a 52-week low of $19.14 and a 52-week high of $44.40. The company has a debt ratio of 0.49, a current ratio of 1.16 and a quick ratio of 1.16. The company has a fifty-day moving average of $38.32 and a two-hundred-day moving average of $36.26. The stock has a market capitalization of $1.94 billion, a price/earnings ratio of 5.70, a P/E/G ratio of 0.69 and a beta of 1.01.
Adtalem Global Education (NYSE:ATGE – Get a rating) last released its results on Thursday, November 3. The company reported earnings per share (EPS) of $0.88 for the quarter, beating the consensus estimate of $0.75 by $0.13. Adtalem Global Education achieved a return on equity of 12.53% and a net margin of 26.01%. The company posted revenue of $354.56 million for the quarter, compared to $353.41 million expected by analysts. In the same period a year earlier, the company earned earnings per share of $0.62. The company’s revenues increased by 22.7% compared to the same quarter last year. On average, stock analysts expect Adtalem Global Education Inc. to post earnings per share of 4.08 for the current fiscal year.
Analyst upgrades and downgrades
ATGE has been the subject of a number of recent research reports. BMO Capital Markets raised its price target on Adtalem Global Education from $44.00 to $46.00 and gave the company a “market performance” rating in a research note on Monday. TheStreet upgraded Adtalem Global Education from a “c” to a “b-” rating in a Friday, November 4 research note. StockNews.com upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Friday, November 4. Barrington Research raised its price target on shares of Adtalem Global Education from $46.00 to $48.00 in a report on Friday, November 4. Finally, Robert W. Baird raised his price target on Adtalem Global Education shares from $31.00 to $40.00 in a Friday, August 12 research report.
Institutional investors weigh in on Adtalem Global Education
Several institutional investors and hedge funds have recently changed their holdings in ATGE. Davy Global Fund Management Ltd increased its holdings of Adtalem Global Education shares by 39.5% during the 1st quarter. Davy Global Fund Management Ltd now owns 16,467 shares in the company worth $489,000 after acquiring an additional 4,659 shares during the period. Gladius Capital Management LP increased its stake in Adtalem Global Education by 18.2% in the first quarter. Gladius Capital Management LP now owns 2,264 shares of the company worth $68,000 after buying 348 additional shares in the last quarter. Mutual of America Capital Management LLC increased its position in Adtalem Global Education by 5.6% during the first quarter. Mutual of America Capital Management LLC now owns 7,177 shares of the company valued at $213,000 after purchasing 378 additional shares during the period. Oak Family Advisors LLC increased its equity stake in Adtalem Global Education by 32.7% during the 1st quarter. Oak Family Advisors LLC now owns 16,224 shares of the company valued at $482,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Royce & Associates LP increased its equity stake in Adtalem Global Education by 1,570.0% during the first quarter. Royce & Associates LP now owns 248,378 shares of the company valued at $7,379,000 after purchasing an additional 233,505 shares last quarter.
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 post-secondary education sector. This segment operates Chamberlain University.
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