Adtalem Global Education (NYSE:ATGE) Stock Price Down 3.2% - Time to Sell?

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report)'s share price fell 3.2% on Friday . The stock traded as low as $91.10 and last traded at $90.97. 15,618 shares changed hands during trading, a decline of 96% from the average session volume of 408,553 shares. The stock had previously closed at $93.97.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ATGE shares. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Barrington Research boosted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.

Adtalem Global Education Trading Up 4.5 %

The stock's 50 day simple moving average is $99.66 and its two-hundred day simple moving average is $87.61. The stock has a market capitalization of $3.50 billion, a PE ratio of 17.49, a PEG ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

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Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Activity

In related news, Director Donna J. Hrinak sold 4,685 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock valued at $1,386,048 in the last 90 days. Insiders own 2.00% of the company's stock.

Institutional Trading of Adtalem Global Education

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its stake in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after purchasing an additional 110 shares during the period. Quantinno Capital Management LP boosted its position in shares of Adtalem Global Education by 4.3% in the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company's stock valued at $231,000 after acquiring an additional 126 shares during the period. US Bancorp DE boosted its position in shares of Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after acquiring an additional 151 shares during the period. GAMMA Investing LLC grew its stake in Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after acquiring an additional 177 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock worth $994,000 after acquiring an additional 192 shares during the period. 98.84% of the stock is currently owned by institutional investors.

About Adtalem Global Education

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.