Nuveen LLC Purchases New Stake in Adtalem Global Education Inc. $ATGE

Key Points

• Nuveen LLC acquired 100,758 shares of Adtalem Global Education Inc. valued at approximately $10.14 million, increasing its stake to 0.27% of the company.
• Analysts have recently upgraded price targets for Adtalem Global Education, with Barrington Research raising it to $150.00 and BMO Capital Markets to $132.00, indicating a positive outlook.
• Adtalem Global Education reported a strong quarterly performance with earnings per share of $1.66, surpassing estimates, and announced a $150 million share repurchase plan, suggesting confidence in the stock's valuation.

Nuveen LLC acquired a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,758 shares of the company's stock, valued at approximately $10,140,000. Nuveen LLC owned 0.27% of Adtalem Global Education as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after buying an additional 104 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Adtalem Global Education in the first quarter worth $31,000. USA Financial Formulas boosted its holdings in Adtalem Global Education by 214.9% during the first quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Adtalem Global Education by 10,488.9% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after purchasing an additional 944 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in 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 buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Activity

In other news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the sale, the director owned 9,368 shares in the company, valued at $1,202,382.80. The trade was a 19.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lisa W. Wardell sold 18,392 shares of Adtalem Global Education stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.22, for a total transaction of $2,486,966.24. Following the completion of the sale, the director owned 68,928 shares of the company's stock, valued at $9,320,444.16. This represents a 21.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,527 shares of company stock worth $4,623,499 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Price Performance

Shares of ATGE stock traded down $1.65 on Thursday, reaching $132.93. The company had a trading volume of 78,328 shares, compared to its average volume of 468,253. The stock has a market capitalization of $4.78 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.18 and a beta of 0.88. 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 Inc. has a one year low of $68.60 and a one year high of $140.12. The business's 50-day moving average is $122.30 and its 200 day moving average is $114.51.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $440.93 million. During the same quarter last year, the business earned $1.37 EPS. The company's revenue 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. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ATGE shares. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Barrington Research upped their price target on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.00.

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.