Insider Selling: Adtalem Global Education (NYSE:ATGE) Director Sells 12,900 Shares of Stock

Key Points

• Director Sale: Adtalem Global Education Director Lisa Wardell sold 12,900 shares at an average price of $132.90, totaling $1.71 million, decreasing her ownership by 12.24%.
• Earnings Beat: The company reported Q2 earnings of $1.66 per share, surpassing the estimate of $1.51, along with a revenue of $457.11 million, an 11.5% increase compared to the previous year.
• Stock Repurchase Program: Adtalem's Board authorized a $150 million stock buyback, indicating belief that the shares are undervalued, allowing them to repurchase up to 3.6% of outstanding shares.

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) Director Lisa W. Wardell sold 12,900 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $132.90, for a total transaction of $1,714,410.00. Following the sale, the director directly owned 92,477 shares of the company's stock, valued at approximately $12,290,193.30. The trade was a 12.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded down $1.87 during mid-day trading on Thursday, hitting $132.71. 173,028 shares of the company's stock traded hands, compared to its average volume of 468,886. The company has a market capitalization of $4.77 billion, a P/E ratio of 21.44, a PEG ratio of 1.18 and a beta of 0.88. Adtalem Global Education Inc. has a 1 year low of $68.60 and a 1 year high of $140.12. The company's 50-day moving average is $122.30 and its two-hundred day moving average is $114.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.15. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. Adtalem Global Education's revenue for the quarter was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barrington Research upped their price objective on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets upped their target price 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. Finally, Zacks Research downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Institutional Investors Weigh In On Adtalem Global Education

A number of large investors have recently modified their holdings of ATGE. GAMMA Investing LLC increased its holdings in shares of Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock valued at $173,000 after purchasing an additional 256 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock valued at $258,000 after purchasing an additional 155 shares in the last quarter. Kendall Capital Management purchased a new position in shares of Adtalem Global Education in the 1st quarter valued at about $224,000. Finally, Allianz SE purchased a new position in shares of Adtalem Global Education in the 1st quarter valued at about $449,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.