William W. Burke Sells 2,291 Shares of Adtalem Global Education Inc. (NYSE:ATGE) Stock

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) Director William W. Burke sold 2,291 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the transaction, the director now directly owns 9,368 shares in the company, valued at $1,202,382.80. The trade was a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Adtalem Global Education Stock Up 0.2%

Shares of Adtalem Global Education stock traded up $0.26 during trading on Friday, hitting $128.11. 252,805 shares of the stock traded hands, compared to its average volume of 457,323. The stock has a market cap of $4.77 billion, a P/E ratio of 23.86, a PEG ratio of 1.05 and a beta of 0.86. The company has a fifty day moving average price of $115.77 and a two-hundred day moving average price of $103.09. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $140.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.29. The firm had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 earnings per share. Equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Adtalem Global Education

Several institutional investors and hedge funds have recently modified their holdings of ATGE. Arizona State Retirement System raised its holdings in Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after buying an additional 110 shares in the last quarter. Bailard Inc. bought a new stake in shares of Adtalem Global Education during the 4th quarter worth about $379,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at about $272,000. Raymond James Financial Inc. acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at about $2,368,000. Finally, Principal Financial Group Inc. raised its stake in shares of Adtalem Global Education by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock valued at $18,227,000 after acquiring an additional 7,069 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ATGE. Barrington Research raised their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. 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. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Finally, BMO Capital Markets upped their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th.

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.

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