Insider Selling: Adtalem Global Education Inc. (NYSE:ATGE) Insider Sells 3,500 Shares of Stock

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) insider Michael Betz sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the sale, the insider now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Adtalem Global Education Stock Down 1.5 %

Shares of ATGE traded down $1.59 during mid-day trading on Tuesday, hitting $106.28. 396,994 shares of the company's stock were exchanged, compared to its average volume of 411,218. The firm has a fifty day moving average of $95.32 and a two-hundred day moving average of $83.76. Adtalem Global Education Inc. has a twelve month low of $45.16 and a twelve month high of $112.43. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.17 and a beta of 0.97. 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 posted its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ATGE shares. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target 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. Finally, Barrington Research increased their price target 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pier Capital LLC acquired a new stake in Adtalem Global Education in the 4th quarter worth $9,114,000. Prudential Financial Inc. lifted its holdings in shares of Adtalem Global Education by 6.5% during the 4th quarter. Prudential Financial Inc. now owns 101,438 shares of the company's stock worth $9,216,000 after acquiring an additional 6,191 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Adtalem Global Education by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock worth $417,305,000 after acquiring an additional 82,931 shares during the period. LPL Financial LLC bought a new position in shares of Adtalem Global Education during the 4th quarter worth about $403,000. Finally, Fox Run Management L.L.C. lifted its holdings in shares of Adtalem Global Education by 26.9% during the 4th quarter. Fox Run Management L.L.C. now owns 10,475 shares of the company's stock worth $952,000 after acquiring an additional 2,219 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Company Profile

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.