Martingale Asset Management L P Decreases Stock Position in Adtalem Global Education Inc. $ATGE

Key Points

• Martingale Asset Management L P has reduced its stake in Adtalem Global Education by 22.0%, selling 3,230 shares, leaving it with 11,456 shares valued at approximately $1.15 million.
• Adtalem Global Education's recent earnings report showed an EPS of $1.66, exceeding analysts' expectations, with quarterly revenue increasing by 11.5% year-over-year to $457.11 million.
• The company has initiated a share repurchase plan authorizing the buyback of $150 million worth of shares, reflecting its belief that the stock is undervalued.

Martingale Asset Management L P decreased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 22.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,456 shares of the company's stock after selling 3,230 shares during the period. Martingale Asset Management L P's holdings in Adtalem Global Education were worth $1,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Alyeska Investment Group L.P. grew its holdings in shares of Adtalem Global Education by 19.5% in the fourth 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 grew its holdings in shares of Adtalem Global Education by 8.0% in the first 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. grew its holdings in shares of Adtalem Global Education by 13.3% in the first 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 lifted its stake in Adtalem Global Education by 11.3% in the first quarter. Boston Partners now owns 435,060 shares of the company's stock worth $43,876,000 after acquiring an additional 44,110 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in Adtalem Global Education by 58.2% in the first quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock worth $41,206,000 after acquiring an additional 150,702 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Down 1.9%

Shares of NYSE:ATGE traded down $2.52 on Thursday, hitting $132.06. 266,587 shares of the company traded hands, compared to its average volume of 469,376. Adtalem Global Education Inc. has a 52 week low of $68.60 and a 52 week high of $140.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $122.30 and a 200-day simple moving average of $114.51. The company has a market cap of $4.75 billion, a PE ratio of 21.41, a PEG ratio of 1.18 and a beta of 0.88.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $440.93 million. During the same period last year, the company earned $1.37 earnings per share. The company's revenue was up 11.5% on a year-over-year basis. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its board has approved a share buyback program on Tuesday, May 6th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction dated 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 in the company, valued at $664,918.67. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,527 shares of company stock worth $4,623,499. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barrington Research raised their price target on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. BMO Capital Markets raised their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Finally, Zacks Research lowered Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Company 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.