Adtalem Global Education Inc (NYSE:ATGE) Director Ronald L. Taylor sold 15,000 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $48.36, for a total transaction of $725,400.00. Following the completion of the sale, the director now directly owns 510,615 shares of the company’s stock, valued at approximately $24,693,341.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ATGE opened at $48.70 on Friday. The stock has a market capitalization of $2.96 billion, a PE ratio of 18.58, a P/E/G ratio of 1.33 and a beta of 1.04. Adtalem Global Education Inc has a 1-year low of $30.71 and a 1-year high of $56.45. The company has a quick ratio of 1.42, a current ratio of 1.88 and a debt-to-equity ratio of 0.19.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, August 16th. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.05). Adtalem Global Education had a net margin of 2.38% and a return on equity of 10.49%. The business had revenue of $319.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same period last year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. equities analysts expect that Adtalem Global Education Inc will post 2.78 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of ATGE. Brown Advisory Inc. acquired a new position in shares of Adtalem Global Education in the 2nd quarter valued at about $209,000. Jane Street Group LLC acquired a new position in shares of Adtalem Global Education in the 2nd quarter valued at about $231,000. Bayesian Capital Management LP acquired a new position in shares of Adtalem Global Education in the 1st quarter valued at about $268,000. Public Employees Retirement System of Ohio acquired a new position in shares of Adtalem Global Education in the 2nd quarter valued at about $294,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of Adtalem Global Education in the 1st quarter valued at about $313,000. 95.94% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on ATGE. Barrington Research reissued an “outperform” rating and issued a $57.00 target price on shares of Adtalem Global Education in a research report on Friday, May 4th. They noted that the move was a valuation call. ValuEngine downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. BMO Capital Markets reissued a “buy” rating and issued a $56.00 target price on shares of Adtalem Global Education in a research report on Wednesday, July 11th. Finally, First Analysis boosted their target price on shares of Adtalem Global Education to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.60.

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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