Curi RMB Capital LLC Purchases Shares of 10,516 Adtalem Global Education Inc. $ATGE

Key Points

• Curi RMB Capital LLC has acquired 10,516 shares of Adtalem Global Education Inc., valued at approximately $1,058,000, marking a significant investment in the education sector.
• The stock of Adtalem Global Education has shown promising financial performance, reporting $1.66 earnings per share, exceeding analysts' expectations and indicating an 11.5% revenue increase year-over-year.
• Analysts have adjusted price targets for Adtalem Global Education, with Barrington Research raising it to $150.00 and a consensus rating of "Moderate Buy," suggesting positive market sentiment.

Curi RMB Capital LLC acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,516 shares of the company's stock, valued at approximately $1,058,000.

A number of other hedge funds have also modified their holdings of the business. Fifth Third Bancorp grew its stake in shares of Adtalem Global Education by 56.8% in the 1st 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 holdings in shares of Adtalem Global Education by 1.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company's stock worth $1,196,000 after purchasing an additional 129 shares during the period. US Bancorp DE lifted its holdings in shares of Adtalem Global Education by 3.9% during the first quarter. US Bancorp DE now owns 3,414 shares of the company's stock worth $344,000 after purchasing an additional 129 shares during the period. Xponance Inc. grew its position in Adtalem Global Education by 5.2% in the 1st quarter. Xponance Inc. now owns 3,040 shares of the company's stock valued at $306,000 after buying an additional 151 shares during the last quarter. Finally, Vontobel Holding Ltd. increased 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 valued at $258,000 after buying an additional 155 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at $664,918.67. This trade represents a 16.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 25,477 shares of the business's 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 sale, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,713 shares of company stock worth $7,702,094. Insiders own 2.00% of the company's stock.

Adtalem Global Education Price Performance

Shares of ATGE traded up $5.36 during trading hours on Thursday, reaching $138.50. The company had a trading volume of 416,551 shares, compared to its average volume of 334,971. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 12-month low of $71.07 and a 12-month high of $140.12. The firm has a 50 day simple moving average of $124.24 and a 200-day simple moving average of $116.80. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.15 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping 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 firm had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. 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. Research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATGE has been the subject of several recent analyst reports. Barrington Research raised their target price on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. 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 research 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 stock presently has an average rating of "Moderate Buy" and a consensus 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.