Alyeska Investment Group L.P. Sells 414,881 Shares of Adtalem Global Education Inc. $ATGE

Key Points

• Alyeska Investment Group L.P. has significantly reduced its stake in Adtalem Global Education Inc. by 68.1%, selling 414,881 shares, and now owns 194,547 shares valued at approximately $19.6 million.
• Other institutional investors, including Northern Trust Corp and Invesco Ltd., have increased their holdings in Adtalem Global Education, indicating varied investor confidence among large stakeholders.
• Adtalem Global Education reported positive financial results with earnings per share of $1.66, exceeding analysts' expectations, and an 11.5% year-over-year revenue growth, reinforcing a Moderate Buy rating from analysts.

Alyeska Investment Group L.P. lessened its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 68.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,547 shares of the company's stock after selling 414,881 shares during the period. Alyeska Investment Group L.P. owned about 0.52% of Adtalem Global Education worth $19,579,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. bought a new position in Adtalem Global Education during the fourth quarter worth $234,000. Northern Trust Corp lifted its position in shares of Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock valued at $43,083,000 after purchasing an additional 22,084 shares in the last quarter. AXA S.A. bought a new position in shares of Adtalem Global Education during the fourth quarter valued at about $1,926,000. Balyasny Asset Management L.P. lifted its position in shares of Adtalem Global Education by 799.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company's stock valued at $11,826,000 after purchasing an additional 115,699 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Adtalem Global Education during the fourth quarter valued at about $201,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Trading Down 1.7%

Adtalem Global Education stock traded down $2.35 during mid-day trading on Wednesday, reaching $133.85. 45,303 shares of the company traded hands, compared to its average volume of 461,498. The firm's 50 day moving average price is $123.71 and its 200 day moving average price is $116.40. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.18 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 Inc. has a 52-week low of $68.60 and a 52-week high of $140.12.

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

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of research analyst reports. Barrington Research raised their price objective on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $139.00.

Insider Activity

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the 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 completion of the sale, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at $664,918.67. This trade represents a 16.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the sale, the director directly owned 43,451 shares of the company's stock, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock valued at $7,702,094 in the last ninety days. Insiders own 2.00% of the company's stock.

Adtalem Global Education 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.