American Century Companies Inc. Has $7.09 Million Position in Adtalem Global Education Inc. $ATGE

Key Points

• American Century Companies Inc. decreased its holdings in Adtalem Global Education by 22% during the first quarter, selling nearly 20,000 shares, and now owns 0.19% of the company.
• Other institutional investors have also increased their stakes, with GAMMA Investing LLC boosting its stake by an extraordinary 11,723.8% during the same period.
• Analysts have a consensus rating of "Moderate Buy" for Adtalem Global Education, with price targets ranging from $132.00 to $150.00 following various upgrades.

American Century Companies Inc. lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 22.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 70,457 shares of the company's stock after selling 19,884 shares during the period. American Century Companies Inc. owned 0.19% of Adtalem Global Education worth $7,091,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ATGE. Alyeska Investment Group L.P. grew its position in Adtalem Global Education by 19.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock valued at $55,367,000 after buying an additional 99,491 shares in the last quarter. Northern Trust Corp grew its position in Adtalem Global Education by 4.9% in the 4th quarter. Northern Trust Corp now owns 474,224 shares of the company's stock valued at $43,083,000 after buying an additional 22,084 shares in the last quarter. Invesco Ltd. grew its position in Adtalem Global Education by 13.3% in the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company's stock valued at $44,578,000 after buying an additional 52,013 shares in the last quarter. Boston Partners grew its position in 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 buying an additional 44,110 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Adtalem Global Education by 58.2% in the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock valued at $41,206,000 after buying an additional 150,702 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 25,477 shares of the company's 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 transaction, the director owned 43,451 shares in the company, valued at $5,752,043.38. This represents a 36.96% decrease in their position. The sale 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 the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of 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. Over the last ninety days, insiders sold 60,004 shares of company stock valued at $7,996,144. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Trading Up 1.1%

ATGE stock traded up $1.45 during mid-day trading on Tuesday, reaching $132.40. 295,672 shares of the stock traded hands, compared to its average volume of 423,922. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 52-week low of $68.60 and a 52-week high of $140.12. The company has a market cap of $4.76 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.14 and a beta of 0.94. The stock's fifty day moving average is $122.77 and its 200-day moving average is $115.31.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.15. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $457.11 million during the quarter, compared to analyst estimates of $440.93 million. During the same period in the prior year, the firm earned $1.37 earnings per share. The business's quarterly revenue 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 earnings per share for the current year.

Adtalem Global Education declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.