Adtalem Global Education Inc. $ATGE Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its stake in Adtalem Global Education Inc. by 274.8%, owning 142,111 shares worth approximately $18.1 million at the end of the quarter.
• Adtalem Global Education's stock has a current price of $143.20, reflecting a 1.9% increase, with a market cap of $5.15 billion.
• The company reported $1.66 EPS for the last quarter, exceeding analyst expectations, and plans for a forecast of 7.600-7.900 EPS for FY 2026.

Assenagon Asset Management S.A. increased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 274.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,111 shares of the company's stock after purchasing an additional 104,194 shares during the quarter. Assenagon Asset Management S.A. owned about 0.38% of Adtalem Global Education worth $18,081,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ATGE. Quantinno Capital Management LP lifted its holdings in Adtalem Global Education by 5.4% in the fourth quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock worth $293,000 after purchasing an additional 165 shares during the period. Tidal Investments LLC raised its position in Adtalem Global Education by 51.7% in the fourth quarter. Tidal Investments LLC now owns 4,041 shares of the company's stock worth $367,000 after acquiring an additional 1,377 shares in the last quarter. Two Sigma Investments LP bought a new stake in Adtalem Global Education in the fourth quarter worth about $4,143,000. Two Sigma Advisers LP bought a new stake in Adtalem Global Education in the fourth quarter worth about $1,208,000. Finally, Squarepoint Ops LLC bought a new stake in Adtalem Global Education in the fourth quarter worth about $1,177,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ATGE shares. 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 boosted 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. Finally, Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Adtalem Global Education currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.00.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 25,477 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was 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 directly owned 4,901 shares of the company's stock, 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. Over the last ninety days, insiders sold 57,713 shares of company stock valued at $7,702,094. 2.00% of the stock is owned by company insiders.

Adtalem Global Education Stock Up 1.9%

Shares of ATGE stock opened at $143.20 on Tuesday. The stock has a market cap of $5.15 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.21 and a beta of 0.94. Adtalem Global Education Inc. has a one year low of $71.09 and a one year high of $144.48. The stock has a fifty day moving average price of $126.81 and a 200 day moving average price of $119.01. 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 (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 analysts' expectations of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.Adtalem Global Education's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current 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.

Want to see what other hedge funds are holding ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adtalem Global Education Inc. (NYSE:ATGE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.