Adtalem Global Education (NYSE:ATGE) Sets New 1-Year High on Analyst Upgrade

Key Points

• Adtalem Global Education's stock reached a new 52-week high at $157.35 following an upgrade from Barrington Research, which raised the price target from $150.00 to $170.00.
• Multiple research firms have mixed ratings on the stock, with Zacks downgrading it to "hold" while Weiss Ratings reaffirmed a "buy" rating, resulting in an average rating of "Moderate Buy."
• Insider trading activity showed significant sales, with Director Lisa W. Wardell selling over 25,000 shares, representing a 36.96% decrease in ownership.

Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report)'s share price hit a new 52-week high on Thursday after Barrington Research raised their price target on the stock from $150.00 to $170.00. Barrington Research currently has an outperform rating on the stock. Adtalem Global Education traded as high as $157.35 and last traded at $148.10, with a volume of 498 shares trading hands. The stock had previously closed at $148.62.

ATGE has been the topic of a number of other reports. 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Adtalem Global Education in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 20th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Adtalem Global Education currently has an average rating of "Moderate Buy" and a consensus target price of $145.67.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the transaction, the director directly owned 43,451 shares of the company's stock, valued at $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the completion of the sale, the chief accounting officer directly owned 4,901 shares in the company, valued at $664,918.67. This represents a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,713 shares of company stock worth $7,702,094. Insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On Adtalem Global Education

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATGE. Blue Trust Inc. acquired a new position in shares of Adtalem Global Education during the 3rd quarter worth about $58,000. CWM LLC boosted its holdings in Adtalem Global Education by 7.3% in the 3rd quarter. CWM LLC now owns 2,314 shares of the company's stock valued at $357,000 after purchasing an additional 158 shares during the period. Farther Finance Advisors LLC boosted its holdings in Adtalem Global Education by 4,806.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 785 shares of the company's stock valued at $121,000 after purchasing an additional 769 shares during the period. Private Client Services LLC lifted its holdings in shares of Adtalem Global Education by 16.1% during the 3rd quarter. Private Client Services LLC now owns 4,877 shares of the company's stock worth $753,000 after acquiring an additional 678 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $708,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

The stock's 50-day moving average is $137.92 and its 200-day moving average is $124.58. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.29 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. During the same period in the prior year, the company posted $1.37 EPS. The company's revenue 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, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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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