Adtalem Global Education (NYSE:ATGE) insider Ronald L. Taylor sold 18,880 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $46.77, for a total value of $883,017.60. Following the completion of the sale, the insider now directly owns 544,495 shares in the company, valued at $25,466,031.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Adtalem Global Education opened at $46.65 on Wednesday, according to MarketBeat Ratings. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.83 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94. Adtalem Global Education has a 1 year low of $30.15 and a 1 year high of $50.15.
Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $342.19 million for the quarter, compared to analysts’ expectations of $342.79 million. Adtalem Global Education had a return on equity of 10.06% and a net margin of 0.89%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. analysts anticipate that Adtalem Global Education will post 2.76 EPS for the current fiscal year.
Several analysts recently issued reports on ATGE shares. Robert W. Baird raised their target price on Adtalem Global Education from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. ValuEngine cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 4th. BMO Capital Markets cut their target price on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. Zacks Investment Research cut Adtalem Global Education from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $57.00 target price on shares of Adtalem Global Education in a research note on Friday, May 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $52.00.
A number of institutional investors have recently bought and sold shares of ATGE. Schwab Charles Investment Management Inc. boosted its position in Adtalem Global Education by 3.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 348,860 shares of the company’s stock valued at $14,670,000 after acquiring an additional 11,661 shares in the last quarter. Bowling Portfolio Management LLC boosted its position in Adtalem Global Education by 144.7% during the 4th quarter. Bowling Portfolio Management LLC now owns 15,558 shares of the company’s stock valued at $654,000 after acquiring an additional 9,201 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Adtalem Global Education during the 4th quarter valued at approximately $3,766,000. Foundry Partners LLC boosted its position in Adtalem Global Education by 7.1% during the 4th quarter. Foundry Partners LLC now owns 313,474 shares of the company’s stock valued at $13,182,000 after acquiring an additional 20,767 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in Adtalem Global Education during the 4th quarter valued at approximately $553,000. 97.82% of the stock is currently owned by institutional investors and hedge funds.
About Adtalem Global Education
Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.
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