Adtalem Global Education Inc. $ATGE Shares Sold by Farley Capital L.P.

Key Points

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Farley Capital L.P. lowered its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 32.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,404 shares of the company's stock after selling 27,020 shares during the period. Adtalem Global Education makes up 5.3% of Farley Capital L.P.'s holdings, making the stock its 6th largest position. Farley Capital L.P. owned approximately 0.15% of Adtalem Global Education worth $5,777,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Adtalem Global Education by 17.5% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock valued at $173,000 after purchasing an additional 256 shares during the period. Fifth Third Bancorp increased its position in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after acquiring an additional 155 shares during the last quarter. Kendall Capital Management acquired a new position in shares of Adtalem Global Education in the 1st quarter worth $224,000. Finally, Archford Capital Strategies LLC acquired a new position in shares of Adtalem Global Education in the 1st quarter worth $866,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barrington Research lifted their target price on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, BMO Capital Markets raised their target price 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. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Stock Up 1.6%

ATGE traded up $2.1590 during trading on Friday, reaching $135.0490. 560,609 shares of the stock traded hands, compared to its average volume of 471,379. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 21.82, 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. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The stock's 50-day simple moving average is $121.34 and its two-hundred day simple moving average is $113.78.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last 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, equities research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

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.