Adtalem Global Education Inc. $ATGE Stake Lessened by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Adtalem Global Education Inc. by 2.6%, now holding approximately 0.19% of the company, valued at $9.2 million.
• Several hedge funds have increased their positions, with Fifth Third Bancorp raising its stake by 56.8% and USA Financial Formulas by 214.9% during the first quarter.
• Adtalem Global Education reported $1.66 earnings per share for the last quarter, exceeding expectations of $1.51, along with a revenue increase of 11.5% year-over-year.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,443 shares of the company's stock after selling 1,922 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.19% of Adtalem Global Education worth $9,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in shares of Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after purchasing an additional 104 shares during the last quarter. USA Financial Formulas raised its stake in Adtalem Global Education by 214.9% during the first quarter. USA Financial Formulas now owns 888 shares of the company's stock valued at $89,000 after buying an additional 606 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Adtalem Global Education by 10,488.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after buying an additional 944 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after acquiring an additional 256 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Adtalem Global Education by 100.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,471 shares of the company's stock worth $187,000 after acquiring an additional 737 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Transactions at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 25,477 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were 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 of the company's stock, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction that occurred 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 owned 4,901 shares in the company, valued at $664,918.67. This represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock worth $7,702,094 over the last 90 days. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 20th. Zacks Research downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Barrington Research reaffirmed an "outperform" rating and issued a $150.00 price target on shares of Adtalem Global Education in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Adtalem Global Education in a report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Stock Down 0.9%

Shares of Adtalem Global Education stock opened at $148.64 on Monday. 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 Inc. has a 1-year low of $71.09 and a 1-year high of $155.39. The business's fifty day moving average price is $132.90 and its two-hundred day moving average price is $122.40. The company has a market capitalization of $5.40 billion, a P/E ratio of 24.01, a PEG ratio of 1.28 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (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 analysts' expectations of $440.93 million. During the same quarter in the prior year, the business posted $1.37 earnings per share. The company's revenue for the quarter 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, research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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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