Algert Global LLC Purchases 57,478 Shares of Adtalem Global Education Inc. $ATGE

Key Points

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Algert Global LLC increased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 70.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 138,649 shares of the company's stock after purchasing an additional 57,478 shares during the quarter. Algert Global LLC owned approximately 0.37% of Adtalem Global Education worth $13,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. lifted its stake in shares of Adtalem Global Education by 116.4% in the 1st quarter. Raymond James Financial Inc. now owns 56,413 shares of the company's stock valued at $5,677,000 after purchasing an additional 30,350 shares during the period. Sei Investments Co. lifted its stake in shares of Adtalem Global Education by 11.0% in the 1st quarter. Sei Investments Co. now owns 54,583 shares of the company's stock valued at $5,444,000 after purchasing an additional 5,406 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Adtalem Global Education in the 1st quarter valued at approximately $40,829,000. Boston Partners lifted its stake in shares of Adtalem Global Education by 11.3% in the 1st quarter. Boston Partners now owns 435,060 shares of the company's stock valued at $43,876,000 after purchasing an additional 44,110 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Adtalem Global Education by 34.7% in the 1st quarter. Russell Investments Group Ltd. now owns 74,551 shares of the company's stock valued at $7,503,000 after purchasing an additional 19,191 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ATGE. Zacks Research lowered Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Barrington Research boosted 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. Finally, BMO Capital Markets boosted their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $139.00.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction on 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 approximately $1,202,382.80. This trade represents a 19.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Up 1.7%

Shares of Adtalem Global Education stock traded up $2.2980 on Friday, reaching $135.1880. The company's stock had a trading volume of 160,371 shares, compared to its average volume of 468,865. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 1.13 and a beta of 0.88. The firm's fifty day simple moving average is $121.34 and its two-hundred day simple moving average is $113.78. 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.

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

Adtalem Global Education announced that its board has approved a share buyback program on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy 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.

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.