Eric P. Dirst Sells 3,114 Shares of Adtalem Global Education Inc (ATGE) Stock
Adtalem Global Education Inc (NASDAQ:ATGE) insider Eric P. Dirst sold 3,114 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $34.06, for a total value of $106,062.84. Following the sale, the insider now owns 14,800 shares in the company, valued at $504,088. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Adtalem Global Education Inc (NASDAQ ATGE) opened at 34.00 on Friday. Adtalem Global Education Inc has a 1-year low of $21.85 and a 1-year high of $40.70. The stock has a 50 day moving average price of $37.74 and a 200-day moving average price of $34.81. The stock has a market capitalization of $2.11 billion and a P/E ratio of 17.80.
Adtalem Global Education (NASDAQ:ATGE) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The firm had revenue of $451.50 million for the quarter, compared to analyst estimates of $452.77 million. Adtalem Global Education had a net margin of 9.76% and a return on equity of 10.35%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. Equities research analysts expect that Adtalem Global Education Inc will post $2.88 EPS for the current year.
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ATGE has been the topic of a number of research reports. Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. BMO Capital Markets restated a “market perform” rating and issued a $35.00 price target (down from $40.00) on shares of Adtalem Global Education in a research note on Monday, August 21st.
Large investors have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Adtalem Global Education during the second quarter worth $174,000. GHP Investment Advisors Inc. bought a new stake in shares of Adtalem Global Education during the second quarter worth $202,000. Tower Research Capital LLC TRC bought a new stake in shares of Adtalem Global Education during the second quarter worth $223,000. Shelton Capital Management bought a new stake in shares of Adtalem Global Education during the second quarter worth $224,000. Finally, Parametrica Management Ltd bought a new stake in shares of Adtalem Global Education during the second quarter worth $232,000.
About Adtalem Global Education
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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