CHURCHILL MANAGEMENT Corp Invests $4.48 Million in Adtalem Global Education Inc. $ATGE

Key Points

• CHURCHILL MANAGEMENT Corp has invested approximately $4.48 million in Adtalem Global Education Inc., acquiring 35,171 shares during the second quarter.
• Insider trading was notable, with Director Lisa W. Wardell selling 25,477 shares, indicating a 36.96% decrease in her position, while a total of 57,713 shares were sold by insiders over the last quarter.
• Adtalem Global Education set its FY 2026 guidance at 7.600-7.900 EPS and reported an earnings per share (EPS) of $1.66 for the last quarter, exceeding consensus estimates.

CHURCHILL MANAGEMENT Corp bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 35,171 shares of the company's stock, valued at approximately $4,475,000. CHURCHILL MANAGEMENT Corp owned approximately 0.09% of Adtalem Global Education as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 17.5% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after acquiring an additional 256 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Adtalem Global Education by 6.4% during the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after acquiring an additional 155 shares in the last quarter. Kendall Capital Management acquired a new stake in shares of Adtalem Global Education during the 1st quarter worth about $224,000. Finally, Acadian Asset Management LLC raised its position in shares of Adtalem Global Education by 222.0% during the 1st quarter. Acadian Asset Management LLC now owns 27,758 shares of the company's stock worth $2,790,000 after acquiring an additional 19,137 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education stock in a transaction that occurred 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 transaction, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction that occurred on 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 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 worth $7,702,094 over the last quarter. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ATGE. Zacks Research lowered Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, Barrington Research restated an "outperform" rating and set a $150.00 price target on shares of Adtalem Global Education in a research note on Tuesday, September 23rd. Three equities 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, Adtalem Global Education currently has an average rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Trading Down 2.6%

NYSE:ATGE opened at $150.49 on Thursday. The stock's 50 day moving average price is $131.51 and its 200 day moving average price is $121.35. The company has a market capitalization of $5.41 billion, a PE ratio of 24.31, a P/E/G ratio of 1.33 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 announced its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. During the same period last year, the business posted $1.37 EPS. The company'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. On average, research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.

Want to see what other hedge funds are holding ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adtalem Global Education Inc. (NYSE:ATGE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.