Adtalem Global Education Inc (ATGE) Insider Sells $4,533,000.00 in Stock

Adtalem Global Education Inc (NYSE:ATGE) insider Ronald L. Taylor sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.33, for a total transaction of $4,533,000.00. Following the transaction, the insider now directly owns 643,620 shares of the company’s stock, valued at $29,175,294.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Adtalem Global Education Inc (NYSE:ATGE) traded up $0.12 during mid-day trading on Friday, hitting $44.97. 264,593 shares of the stock were exchanged, compared to its average volume of 643,323. Adtalem Global Education Inc has a twelve month low of $30.15 and a twelve month high of $47.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.20. The firm has a market capitalization of $2,823.98, a price-to-earnings ratio of 280.31, a P/E/G ratio of 1.90 and a beta of 1.01.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The firm had revenue of $337.24 million for the quarter, compared to analyst estimates of $435.56 million. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. equities research analysts predict that Adtalem Global Education Inc will post 2.82 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Shelton Capital Management acquired a new position in Adtalem Global Education in the 2nd quarter valued at approximately $224,000. Virtu KCG Holdings LLC bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth $333,000. Crossmark Global Holdings Inc. bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth $347,000. Caxton Associates LP bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth $369,000. Finally, Fox Run Management L.L.C. bought a new stake in Adtalem Global Education in the 3rd quarter valued at $369,000.

Several analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets cut their target price on shares of Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Wednesday. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Piper Jaffray Companies reissued a “buy” rating and set a $59.00 target price on shares of Adtalem Global Education in a research note on Monday, December 4th. Finally, BidaskClub upgraded shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Adtalem Global Education presently has a consensus rating of “Buy” and an average target price of $50.33.

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Adtalem Global Education Company Profile

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

Insider Buying and Selling by Quarter for Adtalem Global Education (NYSE:ATGE)

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