Axxcess Wealth Management LLC Makes New $1.23 Million Investment in Adtalem Global Education Inc. $ATGE

Key Points

• Axxcess Wealth Management LLC has made a new investment of approximately $1.23 million in Adtalem Global Education, acquiring 9,689 shares during the second quarter.
• Adtalem Global Education reported a quarterly EPS of $1.66, exceeding analysts' expectations and showing an 11.5% increase in revenue year-over-year.
• Research analysts have shown mixed ratings for Adtalem Global Education, with Zacks lowering the rating to "hold," while Barrington Research increased the price target from $150 to $170 and gave an "outperform" rating.

Axxcess Wealth Management LLC acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,689 shares of the company's stock, valued at approximately $1,233,000.

A number of other large investors have also recently made changes to their positions in the business. Moran Wealth Management LLC lifted its stake in shares of Adtalem Global Education by 2.6% in the second quarter. Moran Wealth Management LLC now owns 5,326 shares of the company's stock valued at $678,000 after buying an additional 135 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Adtalem Global Education by 85.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 111,079 shares of the company's stock valued at $14,133,000 after buying an additional 51,172 shares in the last quarter. CWM LLC lifted its stake in shares of Adtalem Global Education by 7.9% in the second quarter. CWM LLC now owns 2,156 shares of the company's stock valued at $274,000 after buying an additional 157 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Adtalem Global Education by 16.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,279 shares of the company's stock valued at $417,000 after buying an additional 459 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its stake in shares of Adtalem Global Education by 3.0% in the second quarter. Clear Creek Financial Management LLC now owns 14,790 shares of the company's stock valued at $1,882,000 after buying an additional 436 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Stock Down 0.6%

ATGE opened at $147.80 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The company's 50-day moving average is $138.47 and its 200 day moving average is $124.90. Adtalem Global Education Inc. has a fifty-two week low of $71.09 and a fifty-two week high of $155.39. The firm has a market capitalization of $5.37 billion, a P/E ratio of 23.88, 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 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 for the quarter, compared to analyst estimates of $440.93 million. During the same period last year, the firm earned $1.37 earnings per share. The firm's 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. Research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Barrington Research raised 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 note on Wednesday. Wall Street Zen lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $145.67.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business'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 transaction, the chief accounting officer directly owned 4,901 shares in the company, valued at $664,918.67. The trade was a 16.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa W. Wardell sold 25,477 shares of the business's stock in a transaction dated 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 completion of the transaction, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,713 shares of company stock worth $7,702,094. Corporate insiders own 2.50% 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.

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