Adtalem Global Education Inc. $ATGE Shares Sold by Comerica Bank

Key Points

• Comerica Bank has reduced its stake in Adtalem Global Education Inc. by 30.7%, now owning 31,833 shares valued at approximately $3.20 million.
• Multiple institutional investors, including Alyeska Investment Group and Allianz Asset Management, have recently increased their holdings in Adtalem Global Education, reflecting strong interest among major investors.
• Adtalem Global Education reported a 11.5% year-over-year revenue increase for its latest quarter and topped earnings estimates, prompting analysts to adjust their target prices upwards.

Comerica Bank trimmed its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 30.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,833 shares of the company's stock after selling 14,071 shares during the quarter. Comerica Bank owned 0.09% of Adtalem Global Education worth $3,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in 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 buying an additional 104 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in Adtalem Global Education during the 1st quarter worth $31,000. USA Financial Formulas grew its stake in Adtalem Global Education by 214.9% during the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after buying an additional 606 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Adtalem Global Education by 10,488.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after buying an additional 944 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in 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 buying an additional 256 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ATGE shares. BMO Capital Markets lifted their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Barrington Research lifted their price target on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $139.00.

Insider Activity

In other news, Director Lisa W. Wardell sold 25,477 shares of the business'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 completion of the transaction, the director owned 43,451 shares of the company's stock, valued at $5,752,043.38. The trade was a 36.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was 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 directly owned 4,901 shares of the company's stock, valued at $664,918.67. The trade was a 16.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 57,713 shares of company stock valued at $7,702,094. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

Shares of ATGE stock traded up $0.89 on Thursday, hitting $135.32. The company had a trading volume of 125,696 shares, compared to its average volume of 466,186. The firm has a market cap of $4.87 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94. The company has a 50-day moving average price of $122.99 and a 200-day moving average price of $115.44. 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 twelve month low of $68.60 and a twelve month high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.15. The business had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The company's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, equities 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.