Connor Clark & Lunn Investment Management Ltd. Cuts Stock Position in Adtalem Global Education Inc. $ATGE

Key Points

• Connor Clark & Lunn Investment Management Ltd. sold 41,011 shares of Adtalem Global Education, reducing its holdings by 68.6% during the 1st quarter, resulting in ownership of approximately 18,776 shares valued at $1.89 million.
• Adtalem Global Education has received increased price targets from analysts, with BMO Capital Markets raising theirs to $132.00 and Barrington Research setting it at $150.00, both maintaining an "outperform" rating.
• The company reported a quarterly EPS of $1.66, surpassing estimates, with revenue of $457.11 million, reflecting an 11.5% year-over-year increase.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 68.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,776 shares of the company's stock after selling 41,011 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of Adtalem Global Education worth $1,890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATGE. LPL Financial LLC purchased a new stake in shares of Adtalem Global Education during the fourth quarter worth about $403,000. Wells Fargo & Company MN grew its stake in shares of Adtalem Global Education by 20.0% during the fourth quarter. Wells Fargo & Company MN now owns 66,846 shares of the company's stock worth $6,073,000 after acquiring an additional 11,123 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Adtalem Global Education during the fourth quarter worth about $234,000. Federated Hermes Inc. grew its stake in shares of Adtalem Global Education by 18.2% during the fourth quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after acquiring an additional 231 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Adtalem Global Education during the fourth quarter worth about $2,368,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the transaction, the director directly owned 9,368 shares of the company's stock, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

ATGE has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target on the stock. BMO Capital Markets lifted their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Barrington Research lifted their target price on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Zacks Research downgraded Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Stock Performance

Shares of Adtalem Global Education stock traded up $2.46 on Thursday, reaching $132.93. 260,721 shares of the stock were exchanged, compared to its average volume of 412,217. Adtalem Global Education Inc. has a twelve month low of $68.60 and a twelve month high of $140.12. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.13 and a beta of 0.88. The business has a 50 day moving average price of $121.34 and a two-hundred day moving average price of $113.78. 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 (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. During the same period in the previous year, the company posted $1.37 earnings per share. Adtalem Global Education's revenue for the quarter 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. Analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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.