Adtalem Global Education (NYSE:ATGE) Reaches New 1-Year High - Should You Buy?

Key Points

• Adtalem Global Education Inc. recently hit a new 52-week high, trading at $140.66, and closed at $139.82, with analysts forecasting a moderate buy rating and an average target price of $139.00.
• The company reported a quarterly EPS of $1.66, exceeding analysts' expectations, along with a year-over-year revenue increase of 11.5% to $457.11 million.
• Insider trading activity indicated significant sales, including Director Lisa W. Wardell selling 25,477 shares, representing a 36.96% decrease in her position, while institutional ownership remains high at 98.84%.

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $140.66 and last traded at $139.82, with a volume of 266920 shares. The stock had previously closed at $136.11.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of research analyst reports. Barrington Research increased their price target on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Adtalem Global Education has an average rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Stock Up 2.7%

The company has a market cap of $5.03 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50-day simple moving average of $125.44 and a 200-day simple moving average of $117.78.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data 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 return on equity of 17.95% and a net margin of 13.26%.The business had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. During the same quarter in the prior year, the business posted $1.37 EPS. The business's revenue for the quarter was up 11.5% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education 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 transaction, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education 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 trade represents a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock worth $7,702,094 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Adtalem Global Education

A number of institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Adtalem Global Education by 124.3% during the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company's stock worth $70,350,000 after purchasing an additional 387,330 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Adtalem Global Education by 2.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 660,433 shares of the company's stock valued at $84,027,000 after acquiring an additional 16,663 shares in the last quarter. Northern Trust Corp lifted its position in shares of Adtalem Global Education by 8.0% in the first quarter. Northern Trust Corp now owns 511,966 shares of the company's stock valued at $51,524,000 after acquiring an additional 37,742 shares in the last quarter. Invesco Ltd. lifted its position in shares of Adtalem Global Education by 8.4% in the second quarter. Invesco Ltd. now owns 479,981 shares of the company's stock valued at $61,068,000 after acquiring an additional 37,036 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Adtalem Global Education by 11.3% in the first quarter. Boston Partners now owns 435,060 shares of the company's stock valued at $43,876,000 after acquiring an additional 44,110 shares in the last quarter. 98.84% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.