Trexquant Investment LP Reduces Stock Holdings in Adtalem Global Education Inc. $ATGE

Key Points

• Trexquant Investment LP has reduced its stake in Adtalem Global Education Inc. by 50%, now holding approximately 0.12% of the company, valued at $4.36 million.
• Adtalem Global Education reported an EPS of $1.66 in its latest quarter, beating expectations, with revenue growing 11.5% year-over-year.
• The company's board has approved a $150 million stock repurchase plan, suggesting confidence in the stock's valuation.

Trexquant Investment LP decreased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 50.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,350 shares of the company's stock after selling 43,388 shares during the quarter. Trexquant Investment LP owned approximately 0.12% of Adtalem Global Education worth $4,363,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ATGE. Fifth Third Bancorp raised its holdings in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Adtalem Global Education in the first quarter worth $31,000. USA Financial Formulas raised its holdings in Adtalem Global Education by 214.9% in the first quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Adtalem Global Education by 10,488.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after purchasing an additional 944 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Adtalem Global Education by 17.5% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Activity

In related news, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education stock in a transaction dated 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 sale, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education 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 sale, the chief accounting officer owned 4,901 shares of the company's stock, valued at $664,918.67. The trade was a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,713 shares of company stock valued at $7,702,094 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ATGE shares. BMO Capital Markets increased their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Barrington Research increased their price objective on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Zacks Research downgraded Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Adtalem Global Education currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Adtalem Global Education Stock Performance

NYSE ATGE traded down $0.46 during trading hours on Friday, hitting $134.31. The company's stock had a trading volume of 239,454 shares, compared to its average volume of 386,724. Adtalem Global Education Inc. has a 12 month low of $68.60 and a 12 month high of $140.12. The company's 50 day simple moving average is $123.30 and its two-hundred day simple moving average is $115.92. The company 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. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping 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 company 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 EPS. Adtalem Global Education's revenue for the quarter 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, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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.