Insider Selling: Adtalem Global Education Inc. (NYSE:ATGE) Director Sells 4,812 Shares of Stock

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now directly owns 8,032 shares in the company, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Adtalem Global Education Stock Down 7.2 %

Shares of NYSE ATGE traded down $7.61 during midday trading on Friday, hitting $97.66. The stock had a trading volume of 530,965 shares, compared to its average volume of 422,932. The business's 50 day moving average is $97.88 and its 200-day moving average is $85.42. The company has a market cap of $3.64 billion, a P/E ratio of 18.19, a PEG ratio of 1.13 and a beta of 0.97. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new position in Adtalem Global Education during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in Adtalem Global Education during the third quarter valued at approximately $27,000. R Squared Ltd bought a new position in Adtalem Global Education during the fourth quarter valued at approximately $70,000. Parkside Financial Bank & Trust lifted its position in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after purchasing an additional 776 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after buying an additional 634 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATGE. Barrington Research boosted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets upped their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd.

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.