Allianz Asset Management GmbH Sells 108,888 Shares of Adtalem Global Education Inc. $ATGE

Allianz Asset Management GmbH lessened its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 26.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 300,549 shares of the company's stock after selling 108,888 shares during the period. Allianz Asset Management GmbH owned about 0.81% of Adtalem Global Education worth $38,239,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sachetta LLC purchased a new position in shares of Adtalem Global Education during the second quarter valued at approximately $25,000. Fifth Third Bancorp boosted 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 acquiring an additional 104 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Adtalem Global Education by 10,488.9% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after acquiring an additional 944 shares during the last quarter. Harbour Investments Inc. bought a new position in shares of Adtalem Global Education during the second quarter worth $117,000. Finally, GAMMA Investing LLC boosted its position in shares of Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after acquiring an additional 256 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education 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 in the company, valued at $5,752,043.38. This trade represents a 36.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total transaction 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. This trade represents 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. 2.50% of the stock is owned by company insiders.

Adtalem Global Education Stock Up 2.5%

ATGE stock opened at $151.31 on Friday. The firm has a 50 day moving average of $139.06 and a 200 day moving average of $125.38. The stock has a market capitalization of $5.50 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.31 and a beta of 0.86. 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 Inc. has a 52 week low of $71.09 and a 52 week high of $155.39.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released 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 company had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. Adtalem Global Education's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ATGE shares. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Weiss Ratings restated a "buy (b)" rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Barrington Research increased their price objective on shares of Adtalem Global Education from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $145.67.

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.

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