Adtalem Global Education (NYSE:ATGE) Reaches New 1-Year High - Here's What Happened

Key Points

• Adtalem Global Education's stock reached a new 52-week high of $144.77 on Wednesday, closing at $143.88 with a trading volume of 881,878 shares.
• Analyst ratings for Adtalem vary; while Barrington Research maintains an "outperform" rating with a price target of $150, Zacks has downgraded the stock to a "hold."
• In the last quarter, Adtalem reported an EPS of $1.66, beating estimates by $0.15, with revenue increasing 11.5% year-over-year to $457.11 million.

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $144.77 and last traded at $143.88, with a volume of 881878 shares changing hands. The stock had previously closed at $143.36.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ATGE shares. Barrington Research restated an "outperform" rating and issued a $150.00 price target on shares of Adtalem Global Education in a report on Tuesday. Wall Street Zen lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Zacks Research lowered Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Adtalem Global Education Price Performance

The stock has a 50 day moving average price of $127.33 and a two-hundred day moving average price of $119.18. The firm has a market cap of $5.17 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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. The firm had revenue of $457.11 million for the quarter, compared to analyst estimates of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.Adtalem Global Education's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lisa W. Wardell sold 25,477 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the sale, the director owned 43,451 shares in the company, valued at $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of the sale, the chief accounting officer owned 4,901 shares in the company, valued at approximately $664,918.67. This represents a 16.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,713 shares of company stock worth $7,702,094. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds have recently bought and sold shares of ATGE. Sachetta LLC purchased a new stake in Adtalem Global Education in the 2nd quarter worth approximately $25,000. Penserra Capital Management LLC purchased a new stake in Adtalem Global Education in the 2nd quarter worth approximately $28,000. Fifth Third Bancorp boosted its position in Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Adtalem Global Education in the 1st quarter worth approximately $31,000. Finally, Allworth Financial LP boosted its position in Adtalem Global Education by 82.9% in the 2nd quarter. Allworth Financial LP now owns 342 shares of the company's stock worth $44,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

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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