AQR Capital Management LLC Acquires 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 position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 59.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,762 shares of the company's stock after buying an additional 29,038 shares during the quarter. AQR Capital Management LLC owned about 0.21% of Adtalem Global Education worth $7,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of 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 position in Adtalem Global Education during the first quarter worth $31,000. USA Financial Formulas boosted its position 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 period. Skandinaviska Enskilda Banken AB publ boosted its position 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 period. Finally, GAMMA Investing LLC boosted its position in Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after purchasing an additional 256 shares during the period. 98.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ATGE. Zacks Research cut shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Barrington Research lifted their price objective 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Price Performance

NYSE ATGE traded up $0.16 during trading on Wednesday, hitting $135.76. 22,771 shares of the company's stock were exchanged, compared to its average volume of 456,605. 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 market cap of $4.88 billion, a PE ratio of 21.93, a P/E/G ratio of 1.17 and a beta of 0.94. Adtalem Global Education Inc. has a fifty-two week low of $71.09 and a fifty-two week high of $140.12. The stock's 50 day moving average price is $125.12 and its two-hundred day moving average price is $117.65.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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. The firm had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The business's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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 stock was sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the sale, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $128,072.48. Following 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. In the last three months, insiders have sold 57,713 shares of company stock valued at $7,702,094. Insiders own 2.00% of the company's stock.

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.