Lyle Logan sells 2,600 shares of Adtalem Global Education Inc. (NYSE:ATGE)

Adtalem Global Education Inc. (NYSE: ATGE – Get a rating) Director Lyle Logan sold 2,600 shares of the company in a trade on Thursday, September 15. The shares were sold at an average price of $38.14, for a total value of $99,164.00. Following the completion of the sale, the administrator now directly owns 29,323 shares of the company, valued at approximately $1,118,379.22. The sale was disclosed in a document filed with the SEC, accessible via this link.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded down $1.08 during Friday’s midday session, hitting $37.27. 535,377 shares of the stock have traded, compared to its average volume of 457,435. The company has a leverage ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. Adtalem Global Education Inc. has a 12-month low of $19.14 and a 12-month high of $41.40. The company has a market capitalization of $1.68 billion, a PE ratio of 5.94, a growth price-earnings ratio of 0.62 and a beta of 1.03. The company has a 50-day simple moving average of $38.60 and a two-hundred-day simple moving average of $33.37.

Adtalem Global Education (NYSE: ATGE – Get a rating) last released its quarterly earnings data on Thursday, August 11. The company reported earnings per share of $1.31 for the quarter, beating the consensus estimate of $1.25 by $0.06. Adtalem Global Education achieved a return on equity of 12.38% and a net margin of 21.97%. The company posted revenue of $361.23 million for the quarter, versus a consensus estimate of $348.90 million. In the same quarter last year, the company posted EPS of $0.70. Adtalem Global Education revenue for the quarter increased 61.6% year on year. As a group, equity research analysts expect Adtalem Global Education Inc. to post EPS of 4.08 for the current fiscal year.

A Wall Street analyst gives his opinion

ATGE has been the subject of a number of research analyst reports. Barrington Research raised its price target on Adtalem Global Education from $40.00 to $46.00 and gave the company an “outperform” rating in a Friday, August 12 report. Robert W. Baird raised his price target on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 report.

Institutional entries and exits

Major investors have recently been buying and selling stocks. Nisa Investment Advisors LLC increased its position in Adtalem Global Education by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company worth $38,000 after purchasing an additional 525 shares in the last quarter. US Bancorp DE increased its position in Adtalem Global Education by 76.7% during the 1st quarter. US Bancorp DE now owns 1,786 shares of the company worth $53,000 after buying an additional 775 shares in the last quarter. Gladius Capital Management LP increased its position in Adtalem Global Education by 18.2% during the 1st 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. Prospera Financial Services Inc bought a new position in Adtalem Global Education during Q2 worth $68,000. Finally, GHE LLC bought a new position in Adtalem Global Education during the 2nd quarter at a value of $77,000.

About Adtalem Global Education

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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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