Adtalem Global Education Inc. $ATGE Shares Purchased by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its stake in Adtalem Global Education by 255.8%, owning 60,488 shares worth approximately $6.1 million.
• Adtalem Global Education exceeded analysts' expectations with a quarterly earnings report, posting $1.66 per share and revenues of $457.11 million.
• Brokerages have varying outlooks on Adtalem, with Barrington Research raising its price target to $150.00 and Zacks Research downgrading it to a "hold" rating.

Candriam S.C.A. increased its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 255.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,488 shares of the company's stock after purchasing an additional 43,488 shares during the period. Candriam S.C.A. owned 0.16% of Adtalem Global Education worth $6,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Alyeska Investment Group L.P. raised its position in shares of Adtalem Global Education by 19.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock worth $55,367,000 after purchasing an additional 99,491 shares during the last quarter. Northern Trust Corp raised its position in shares of Adtalem Global Education by 8.0% during the 1st quarter. Northern Trust Corp now owns 511,966 shares of the company's stock worth $51,524,000 after purchasing an additional 37,742 shares during the last quarter. Invesco Ltd. raised its position in shares of Adtalem Global Education by 13.3% during the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company's stock worth $44,578,000 after purchasing an additional 52,013 shares during the last quarter. Boston Partners raised its position in shares of Adtalem Global Education by 11.3% during the 1st quarter. Boston Partners now owns 435,060 shares of the company's stock worth $43,876,000 after purchasing an additional 44,110 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Adtalem Global Education by 58.2% during the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock worth $41,206,000 after purchasing an additional 150,702 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction on Thursday, June 5th. The shares were 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 of the company's stock, 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 is available at this link. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATGE. Barrington Research lifted 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. Zacks Research downgraded Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, BMO Capital Markets boosted their price target on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Adtalem Global Education currently has a consensus rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Trading Up 1.9%

Shares of ATGE opened at $132.93 on Friday. The stock has a fifty day moving average of $121.34 and a two-hundred day moving average of $113.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $4.78 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.13 and a beta of 0.88. Adtalem Global Education Inc. has a fifty-two week low of $68.60 and a fifty-two week high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. During the same period 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. As a group, analysts forecast 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 authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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.

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