Donna Jennings Sells 3,918 Shares of Adtalem Global Education (ATGE) Stock

Adtalem Global Education (NYSE:ATGE) insider Donna Jennings sold 3,918 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $50.00, for a total transaction of $195,900.00. Following the transaction, the insider now directly owns 12,815 shares in the company, valued at $640,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NYSE ATGE opened at $49.30 on Thursday. Adtalem Global Education has a 52-week low of $30.15 and a 52-week high of $50.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $2,989.74, a P/E ratio of 19.53, a P/E/G ratio of 1.93 and a beta of 0.91.

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Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The business had revenue of $337.24 million during the quarter, compared to the consensus estimate of $435.56 million. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Adtalem Global Education will post 2.78 EPS for the current year.

A number of research firms recently weighed in on ATGE. ValuEngine raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Robert W. Baird raised their price objective on shares of Adtalem Global Education from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets decreased their price objective on shares of Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $50.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATGE. Legal & General Group Plc increased its holdings in Adtalem Global Education by 12.0% during the third quarter. Legal & General Group Plc now owns 89,525 shares of the company’s stock worth $3,202,000 after buying an additional 9,586 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Adtalem Global Education by 5.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 337,199 shares of the company’s stock worth $12,089,000 after buying an additional 17,608 shares during the last quarter. Bowling Portfolio Management LLC increased its holdings in Adtalem Global Education by 144.7% during the fourth quarter. Bowling Portfolio Management LLC now owns 15,558 shares of the company’s stock worth $654,000 after buying an additional 9,201 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Adtalem Global Education in the fourth quarter worth about $3,766,000. Finally, Foundry Partners LLC increased its stake in shares of Adtalem Global Education by 7.1% in the fourth quarter. Foundry Partners LLC now owns 313,474 shares of the company’s stock worth $13,182,000 after purchasing an additional 20,767 shares in the last quarter.

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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.

Insider Buying and Selling by Quarter for Adtalem Global Education (NYSE:ATGE)

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