Bayforest Capital Ltd Makes New Investment in Adtalem Global Education Inc. $ATGE

Key Points

• Bayforest Capital Ltd acquired 2,007 shares of Adtalem Global Education Inc. for approximately $255,000 in the second quarter, increasing attention on the company's stock.
• Insiders, including CAO Manjunath Gangadharan and Director Lisa W. Wardell, recently sold significant shares, with total insider sales exceeding $7.7 million over the last three months.
• Adtalem's current market cap is $5.37 billion, with a recent quarterly earnings report showing an EPS of $1.66, exceeding analysts' expectations.

Bayforest Capital Ltd acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,007 shares of the company's stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fifth Third Bancorp lifted its position in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Adtalem Global Education by 1.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company's stock worth $1,196,000 after acquiring an additional 129 shares during the period. US Bancorp DE lifted its stake in Adtalem Global Education by 3.9% in the first quarter. US Bancorp DE now owns 3,414 shares of the company's stock worth $344,000 after acquiring an additional 129 shares during the period. Moran Wealth Management LLC lifted its stake in Adtalem Global Education by 2.6% in the second quarter. Moran Wealth Management LLC now owns 5,326 shares of the company's stock worth $678,000 after acquiring an additional 135 shares during the period. Finally, Xponance Inc. lifted its stake in Adtalem Global Education by 5.2% in the first quarter. Xponance Inc. now owns 3,040 shares of the company's stock worth $306,000 after acquiring an additional 151 shares during the period. Institutional investors own 98.84% of the company's stock.

Insiders Place Their Bets

In other news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the sale, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at approximately $664,918.67. This represents a 16.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,713 shares of company stock worth $7,702,094. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research lowered 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 target on Adtalem Global Education from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Adtalem Global Education in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.67.

Adtalem Global Education Price Performance

ATGE opened at $147.80 on Friday. The stock has a fifty day simple moving average of $138.47 and a two-hundred day simple moving average of $124.90. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86. Adtalem Global Education Inc. has a 12-month low of $71.09 and a 12-month high of $155.39.

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

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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