Dakota Wealth Management Makes New Investment in Adtalem Global Education Inc. $ATGE

Key Points

• Dakota Wealth Management acquired a new stake in Adtalem Global Education Inc., purchasing 7,274 shares valued at approximately $925,000 in the 2nd quarter.
• Significant insider selling occurred, with Director Lisa W. Wardell selling 25,477 shares worth approximately $3.37 million, resulting in a 36.96% decrease in her ownership.
• Wall Street analysts are optimistic about Adtalem, with an average rating of "Moderate Buy" and a consensus price target of $139.00 for the stock.

Dakota Wealth Management acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,274 shares of the company's stock, valued at approximately $925,000.

A number of other large investors also recently modified their holdings of the company. Fifth Third Bancorp increased 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 valued at $29,000 after purchasing an additional 104 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in Adtalem Global Education in the 1st quarter worth approximately $31,000. USA Financial Formulas increased its stake in Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Adtalem Global Education by 10,488.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after purchasing an additional 944 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock valued at $173,000 after buying an additional 256 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Lisa W. Wardell sold 25,477 shares of the 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 completion of the sale, the director directly owned 43,451 shares of the company's stock, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction 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 sale, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,713 shares of company stock worth $7,702,094. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several analyst reports. Barrington Research reissued an "outperform" rating and issued a $150.00 target price on shares of Adtalem Global Education in a report on Tuesday, September 23rd. Wall Street Zen cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $152.24 on Friday. Adtalem Global Education Inc. has a one year low of $71.09 and a one year high of $152.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $5.47 billion, a PE ratio of 24.59, a P/E/G ratio of 1.31 and a beta of 0.94. The stock has a 50 day moving average price of $129.24 and a 200 day moving average price of $120.34.

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 for the quarter, topping 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 during the quarter, compared to analyst estimates of $440.93 million. During the same period in the prior year, the business posted $1.37 earnings per share. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

About Adtalem Global Education

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.

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