Credit Agricole S A Purchases 15,207 Shares of Adtalem Global Education Inc. $ATGE

Key Points

• Credit Agricole S A significantly increased its stake in Adtalem Global Education by 78.0%, owning 34,711 shares valued at approximately $3.49 million as of the latest SEC filing.
• Several large investors, including Allianz Asset Management and Northern Trust Corp, have also increased their holdings in Adtalem, indicating strong institutional interest in the company.
• Analysts have a consensus average rating of "Moderate Buy" for Adtalem Global Education, with price targets boosted by Barrington Research and BMO Capital Markets, reflecting positive growth expectations.

Credit Agricole S A grew its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 78.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,711 shares of the company's stock after purchasing an additional 15,207 shares during the quarter. Credit Agricole S A owned about 0.09% of Adtalem Global Education worth $3,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ATGE. Fifth Third Bancorp boosted its holdings in Adtalem Global Education by 56.8% in 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 grew its position in shares of Adtalem Global Education by 3.9% in the first quarter. US Bancorp DE now owns 3,414 shares of the company's stock valued at $344,000 after purchasing an additional 129 shares in the last quarter. Xponance Inc. raised its stake in shares of Adtalem Global Education by 5.2% during the 1st quarter. Xponance Inc. now owns 3,040 shares of the company's stock valued at $306,000 after purchasing an additional 151 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after purchasing an additional 155 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

NYSE ATGE traded down $1.36 on Thursday, reaching $133.22. 110,173 shares of the company's stock traded hands, compared to its average volume of 468,409. The stock has a market cap of $4.79 billion, a PE ratio of 21.54, a P/E/G ratio of 1.18 and a beta of 0.88. Adtalem Global Education Inc. has a 12 month low of $68.60 and a 12 month high of $140.12. The stock has a 50-day simple moving average of $122.30 and a 200 day simple moving average of $114.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. During the same quarter in the prior year, the company earned $1.37 EPS. 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. As a group, research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the transaction, the director directly owned 9,368 shares of the company's stock, valued at approximately $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 18,392 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $135.22, for a total value of $2,486,966.24. Following the completion of the sale, the director directly owned 68,928 shares of the company's stock, valued at approximately $9,320,444.16. This trade represents a 21.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,527 shares of company stock worth $4,623,499 over the last three months. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

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

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.