Invesco Ltd. Has $44.58 Million Stake in Adtalem Global Education Inc. $ATGE

Key Points

• Invesco Ltd. boosted its stake in Adtalem Global Education by 13.3% in Q1, now holding approximately 1.19% of the company valued at $44.58 million.
• Several institutional investors have increased their holdings, with notable increases from Allianz Asset Management (58.2%) and Capital World Investors (5.2%).
• Research analysts have raised their price targets for Adtalem Global Education, with BMO Capital Markets setting a new target of $132.00 and Barrington Research at $150.00.

Invesco Ltd. increased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 13.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 442,945 shares of the company's stock after purchasing an additional 52,013 shares during the quarter. Invesco Ltd. owned approximately 1.19% of Adtalem Global Education worth $44,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in Adtalem Global Education in the 1st quarter worth about $31,000. Sterling Capital Management LLC increased its stake in Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after purchasing an additional 860 shares in the last quarter. USA Financial Formulas increased its stake in Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Adtalem Global Education by 10,488.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after purchasing an additional 944 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets raised their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Barrington Research raised their price objective on 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Stock Up 2.3%

NYSE ATGE traded up $3.10 during trading on Friday, reaching $135.99. 79,522 shares of the company's stock were exchanged, compared to its average volume of 468,285. Adtalem Global Education Inc. has a fifty-two week low of $68.60 and a fifty-two week high of $140.12. The firm has a market capitalization of $4.89 billion, a PE ratio of 22.00, a P/E/G ratio of 1.13 and a beta of 0.88. 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's fifty day simple moving average is $121.34 and its 200-day simple moving average is $113.78.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 17.95% and a net margin of 13.26%.The firm had revenue of $457.11 million during the quarter, compared to analyst estimates of $440.93 million. During the same period last year, the company posted $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. Sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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

Insider Activity

In other news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the sale, the director directly owned 9,368 shares in the company, valued at $1,202,382.80. The trade was a 19.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

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.