Adtalem Global Education Inc. $ATGE Stock Position Cut by Ariel Investments LLC

Key Points

• Ariel Investments LLC reduced its stake in Adtalem Global Education Inc. by 11.3%, selling 236,326 shares in the 1st quarter, leaving them with 1,856,878 shares valued at approximately $186.9 million.
• The stock has been rated "Moderate Buy" by analysts, with an average price target of $139.00, despite a downgrade from Zacks Research.
• Adtalem Global Education's earnings for the latest quarter surpassed estimates, reporting $1.66 EPS on revenue of $457.11 million, reflecting an annual growth of 11.5%.

Ariel Investments LLC decreased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,856,878 shares of the company's stock after selling 236,326 shares during the period. Adtalem Global Education makes up 2.2% of Ariel Investments LLC's investment portfolio, making the stock its 18th largest holding. Ariel Investments LLC owned 4.98% of Adtalem Global Education worth $186,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATGE. Lord Abbett & CO. LLC acquired a new position in shares of Adtalem Global Education during the 1st quarter worth approximately $40,829,000. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 11,723.8% during the 1st quarter. GAMMA Investing LLC now owns 173,101 shares of the company's stock worth $17,421,000 after purchasing an additional 171,637 shares during the last quarter. 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. Westport Asset Management Inc. acquired a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $11,425,000. Finally, Balyasny Asset Management L.P. raised its position in shares of Adtalem Global Education by 799.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company's stock worth $11,826,000 after purchasing an additional 115,699 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Trading Down 0.3%

ATGE traded down $0.46 during trading on Friday, hitting $134.31. 239,454 shares of the company's stock were exchanged, compared to its average volume of 386,724. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 1 year low of $68.60 and a 1 year high of $140.12. The stock has a 50 day moving average price of $123.30 and a 200 day moving average price of $115.92. The firm has a market cap of $4.83 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.15. The business had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the transaction, the chief accounting officer directly owned 4,901 shares in the company, valued at $664,918.67. This represents a 16.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction on 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 $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,713 shares of company stock valued at $7,702,094 over the last 90 days. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATGE shares. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Barrington Research boosted their price objective on shares of Adtalem Global Education from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. 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, the company presently has an average rating of "Moderate Buy" and an average target price of $139.00.

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.