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CHICAGO—Donna J. Hrinak, a director at Adtalem Global Education Inc. (NYSE:ATGE), recently sold a portion of her holdings in the company. The sale comes as the education provider’s stock trades near its 52-week high of $112.44, having delivered an impressive 112% return over the past year. According to InvestingPro data, the company maintains a perfect Piotroski Score of 9, indicating strong financial health. According to a filing with the Securities and Exchange Commission, Hrinak sold 4,685 shares of Adtalem’s common stock on February 6, 2025. The shares were sold at a weighted average price of $108.6791, totaling approximately $509,161.
The transaction was executed in multiple trades at prices ranging from $108.395 to $108.99, as noted in the filing. Following this transaction, Hrinak retains ownership of 12,844 shares of the company.
In other recent news, Adtalem Global Education has been the subject of positive attention from BMO Capital Markets, which has raised the company’s stock price target to $115, maintaining an "Outperform" rating. This upgrade follows Adtalem’s recent financial performance, which exceeded expectations as both revenue and earnings surpassed forecasts. The company reported accelerated enrollment growth, primarily at its Chamberlain University, and expanded adjusted EBITDA margins. As a result, Adtalem revised its financial guidance for fiscal year 2025 upwards, anticipating approximately a 2% increase in revenue and a 6% rise in adjusted earnings per share.
Adtalem Global Education also reported robust financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company’s earnings per share (EPS) of $1.81 exceeded a forecast of $1.38, and revenue reached $447.7 million, exceeding the anticipated $416.26 million. Notably, enrollment growth at Chamberlain and Walden universities drove the company’s performance, leading to a raised full-year revenue guidance to $1.73-$1.76 billion. These are recent developments that indicate a positive trajectory for Adtalem Global Education.
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