Dimensional Fund Advisors LP Lowers Stake in Adtalem Global Education Inc. $ATGE

Key Points

• Dimensional Fund Advisors LP reduced its stake in Adtalem Global Education Inc. by 7.8%, selling 215,810 shares and retaining 2,548,997 shares valued at approximately $256.5 million.
• Multiple institutional investors have increased their stakes in Adtalem, with Skandinaviska Enskilda Banken AB boosting its holdings by a staggering 10,488.9%.
• Adtalem Global Education's recent quarterly earnings exceeded expectations, reporting earnings of $1.66 per share, and the company initiated a stock repurchase plan allowing for the repurchase of up to $150 million in shares.

Dimensional Fund Advisors LP reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,548,997 shares of the company's stock after selling 215,810 shares during the quarter. Dimensional Fund Advisors LP owned 6.84% of Adtalem Global Education worth $256,532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. boosted its holdings in shares of Adtalem Global Education by 11.0% during the 1st quarter. Sei Investments Co. now owns 54,583 shares of the company's stock valued at $5,444,000 after acquiring an additional 5,406 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Adtalem Global Education during the 1st quarter valued at about $40,829,000. Boston Partners boosted its holdings in shares of Adtalem Global Education by 11.3% during the 1st quarter. Boston Partners now owns 435,060 shares of the company's stock valued at $43,876,000 after acquiring an additional 44,110 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Adtalem Global Education by 34.7% during the 1st quarter. Russell Investments Group Ltd. now owns 74,551 shares of the company's stock valued at $7,503,000 after acquiring an additional 19,191 shares during the last quarter. Finally, Informed Momentum Co LLC purchased a new position in shares of Adtalem Global Education in the first quarter worth approximately $4,039,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

ATGE has been the topic of a number of research reports. Barrington Research raised their price objective on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets lifted 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. Finally, Zacks Research cut shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Three investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Insider Activity

In other news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Trading Up 1.6%

NYSE ATGE traded up $2.1590 on Friday, hitting $135.0490. 560,609 shares of the stock were exchanged, compared to its average volume of 411,839. 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 fifty day moving average price of $121.60 and a two-hundred day moving average price of $113.99. The firm has a market capitalization of $4.86 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.17 and a beta of 0.88. Adtalem Global Education Inc. has a 52-week low of $68.60 and a 52-week high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.51 by $0.15. The company had revenue of $457.11 million during the quarter, compared to analyst estimates of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. Adtalem Global Education's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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

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.