AQR Capital Management LLC Buys 29,038 Shares of Adtalem Global Education Inc. $ATGE

Key Points

• AQR Capital Management LLC increased its holdings in Adtalem Global Education Inc. by 59.6% during the 1st quarter, owning a total of 77,762 shares valued at approximately $7.7 million.
• Insider transactions have included sales by CAO Manjunath Gangadharan and Director Lisa W. Wardell, which led to a combined 57,713 shares sold for over $7.7 million in the last ninety days.
• Adtalem Global Education's recent quarterly earnings report showed an EPS of $1.66, surpassing estimates, with revenue up by 11.5% year-over-year, prompting analysts to set a price target of $139.00.

AQR Capital Management LLC lifted its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 59.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,762 shares of the company's stock after purchasing an additional 29,038 shares during the period. AQR Capital Management LLC owned 0.21% of Adtalem Global Education worth $7,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northern Trust Corp lifted its stake in shares of Adtalem Global Education by 8.0% in the 1st quarter. Northern Trust Corp now owns 511,966 shares of the company's stock valued at $51,524,000 after purchasing an additional 37,742 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Adtalem Global Education by 13.3% in the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company's stock valued at $44,578,000 after purchasing an additional 52,013 shares during the last quarter. Boston Partners lifted its stake in shares of Adtalem Global Education by 11.3% in the 1st quarter. Boston Partners now owns 435,060 shares of the company's stock valued at $43,876,000 after purchasing an additional 44,110 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Adtalem Global Education by 58.2% in the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock valued at $41,206,000 after purchasing an additional 150,702 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Adtalem Global Education in the 1st quarter valued at $40,829,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Activity

In other news, Director Lisa W. Wardell sold 25,477 shares of the business's stock in a transaction dated 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 owned 43,451 shares in the company, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total transaction of $128,072.48. Following the transaction, the chief accounting officer owned 4,901 shares in the company, valued at approximately $664,918.67. The trade was a 16.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,713 shares of company stock worth $7,702,094. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

ATGE traded up $0.46 during trading on Wednesday, hitting $136.06. The stock had a trading volume of 231,336 shares, compared to its average volume of 326,129. The firm has a market cap of $4.89 billion, a PE ratio of 21.98, a P/E/G ratio of 1.17 and a beta of 0.94. Adtalem Global Education Inc. has a 12 month low of $71.09 and a 12 month high of $140.12. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. The company 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 announced its earnings results on Thursday, August 7th. The company reported $1.66 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 for the quarter, compared to the consensus estimate of $440.93 million. During the same quarter last year, the firm posted $1.37 EPS. The business's quarterly 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. Analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Barrington Research lifted 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $139.00.

Adtalem Global Education 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.