Aristeia Capital L.L.C. Takes $311,000 Position in Adtalem Global Education Inc. $ATGE

Key Points

• Aristeia Capital L.L.C. acquired a new position in Adtalem Global Education by purchasing 3,089 shares valued at approximately $311,000.
• Adtalem Global Education's earnings per share (EPS) for the latest quarter was $1.66, exceeding analysts' expectations of $1.51.
• Institutional investors currently own 98.84% of Adtalem Global Education's stock, indicating significant institutional interest in the company.

Aristeia Capital L.L.C. purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,089 shares of the company's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATGE. Baird Financial Group Inc. bought a new stake in Adtalem Global Education during the 4th quarter worth approximately $201,000. Deutsche Bank AG increased its holdings in Adtalem Global Education by 19.7% during the 4th quarter. Deutsche Bank AG now owns 67,054 shares of the company's stock worth $6,092,000 after acquiring an additional 11,054 shares during the period. Focus Partners Wealth bought a new stake in Adtalem Global Education during the 4th quarter worth approximately $492,000. Gotham Asset Management LLC increased its holdings in Adtalem Global Education by 15.5% during the 4th quarter. Gotham Asset Management LLC now owns 15,646 shares of the company's stock worth $1,421,000 after acquiring an additional 2,094 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Adtalem Global Education by 100.2% during the 4th quarter. Lazard Asset Management LLC now owns 47,201 shares of the company's stock worth $4,287,000 after acquiring an additional 23,626 shares during the period. Institutional investors own 98.84% of the company's stock.

Insider Buying and Selling

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business'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 transaction, the chief accounting officer owned 4,901 shares of the company's stock, valued at $664,918.67. The trade was a 16.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 25,477 shares of the company's 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 57,713 shares of company stock valued at $7,702,094. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATGE shares. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Barrington Research upped their target price 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. Three equities 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Adtalem Global Education Price Performance

ATGE stock traded down $1.27 during midday trading on Friday, reaching $137.33. The company had a trading volume of 228,830 shares, compared to its average volume of 331,238. 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 Inc. has a 1 year low of $71.09 and a 1 year high of $140.12. The company has a market capitalization of $4.94 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.18 and a beta of 0.94. The firm has a 50-day moving average price of $124.53 and a 200-day moving average price of $117.29.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping 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 business had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. During the same quarter in the previous year, the company earned $1.37 EPS. The business's quarterly 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. On average, research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share 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.