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

Adtalem Global Education Inc. (NYSE:ATGE) insider Michael Betz sold 3,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Adtalem Global Education Trading Down 2.0 %

ATGE stock traded down $2.17 on Friday, hitting $107.00. 437,771 shares of the company were exchanged, compared to its average volume of 413,018. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. Adtalem Global Education Inc. has a twelve month low of $45.16 and a twelve month high of $112.43. The business’s fifty day moving average is $94.68 and its two-hundred day moving average is $83.28.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barrington Research boosted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Hedge Funds Weigh In On Adtalem Global Education

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Adtalem Global Education by 23.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,751 shares of the company’s stock worth $1,068,000 after purchasing an additional 2,229 shares during the period. TradeLink Capital LLC acquired a new position in shares of Adtalem Global Education during the fourth quarter worth about $532,000. Amundi boosted its position in shares of Adtalem Global Education by 184.9% in the fourth quarter. Amundi now owns 18,906 shares of the company’s stock worth $1,785,000 after buying an additional 12,271 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at about $2,726,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $2,368,000. 98.84% of the stock is owned by institutional investors and hedge funds.

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.