Adtalem Global Education Inc. (NYSE:ATGE – Get a rating) Director William V. Krehbiel purchased 10,000 shares of the company in a transaction that took place on Tuesday, June 14. The shares were acquired at an average price of $31.67 per share, for a total transaction of $316,700.00. Following the purchase, the director now owns 10,000 shares of the company, valued at approximately $316,700. The purchase was disclosed in a legal filing with the SEC, accessible via this link.
NYSE-ATGE $0.10 traded on Wednesday, reaching $31.79. 577,002 shares of the stock traded in hands, compared to its average volume of 474,257. The stock has a 50-day moving average of $31.04 and a 200-day moving average of $28.86. Adtalem Global Education Inc. has a 12-month low of $19.14 and a 12-month high of $40.23. The company has a market capitalization of $1.44 billion, a P/E ratio of 4.91, a price-to-earnings growth ratio of 0.66 and a beta of 1.13. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt ratio of 0.82.
Adtalem Global Education (NYSE:ATGE – Get a rating) last reported quarterly earnings data on Thursday, May 5. The company reported earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate of $0.82 by $0.05. Adtalem Global Education achieved a return on equity of 10.99% and a net margin of 23.34%. The company posted revenue of $365.60 million for the quarter, compared to $360.34 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.72. Adtalem Global Education revenue for the quarter increased 30.2% compared to the same quarter last year. As a group, equity research analysts expect Adtalem Global Education Inc. to post earnings per share of 3.25 for the current year.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings of Adtalem Global Education shares by 3.6% during the fourth quarter. BlackRock Inc. now owns 7,898,398 shares of the company valued at $233,476,000 after purchasing an additional 272,312 shares in the last quarter. Ariel Investments LLC increased its holdings of Adtalem Global Education shares by 12.2% during the first quarter. Ariel Investments LLC now owns 5,641,162 shares of the company valued at $167,599,000 after purchasing an additional 611,402 shares in the last quarter. Vanguard Group Inc. increased its holdings of Adtalem Global Education shares by 2.2% in the first quarter. Vanguard Group Inc. now owns 5,303,942 shares of the company valued at $157,581,000 after purchasing an additional 115,954 shares in the last quarter. State Street Corp increased its holdings of Adtalem Global Education shares by 3.8% during the fourth quarter. State Street Corp now owns 1,776,404 shares of the company valued at $52,511,000 after purchasing an additional 64,283 shares in the last quarter. Finally, Madison Avenue Partners LP increased its stake in Adtalem Global Education by 9.7% in the third quarter. Madison Avenue Partners LP now owns 1,670,081 shares of the company worth $63,146,000 after purchasing an additional 147,283 shares last quarter. 98.59% of the shares are held by institutional investors.
Separately, StockNews.com launched coverage on Adtalem Global Education in a research note on Thursday, March 31. They issued a “holding” rating on the stock.
Adtalem Global Education Company Profile (Get a rating)
Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.
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