Adtalem Global Education (NYSE:ATGE) Trading Down 5.5% After Insider Selling

Shares of Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) fell 5.5% on Monday following insider selling activity. The company traded as low as $122.93 and last traded at $121.12. 36,148 shares were traded during mid-day trading, a decline of 92% from the average session volume of 456,792 shares. The stock had previously closed at $128.23.

Specifically, Director William W. Burke sold 2,291 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the transaction, the director now owns 9,368 shares of the company's stock, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

ATGE has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Barrington Research increased their price objective on Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Jefferies Financial Group started coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.

Adtalem Global Education Trading Down 0.4%

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $117.39 and a 200-day moving average price of $104.02. The firm has a market capitalization of $4.45 billion, a PE ratio of 22.26, a P/E/G ratio of 1.05 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.29. The firm had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Adtalem Global Education's revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. Analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its board has authorized a share repurchase program on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Adtalem Global Education

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Adtalem Global Education by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock valued at $417,305,000 after buying an additional 82,931 shares in the last quarter. Capital World Investors grew its stake in Adtalem Global Education by 5.2% in the 4th quarter. Capital World Investors now owns 1,016,441 shares of the company's stock valued at $92,344,000 after acquiring an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Adtalem Global Education by 124.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company's stock valued at $70,350,000 after acquiring an additional 387,330 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Adtalem Global Education by 0.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock valued at $61,713,000 after acquiring an additional 3,908 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in Adtalem Global Education by 19.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock worth $55,367,000 after acquiring an additional 99,491 shares during the last quarter. 98.84% of the stock is 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.