Highland Capital Management LLC Invests $232,000 in Adtalem Global Education Inc. $ATGE

Key Points

• Highland Capital Management LLC has acquired a new stake in Adtalem Global Education Inc., purchasing 1,820 shares valued at approximately $232,000 during the second quarter.
• The company's recent quarterly earnings report showed an EPS of $1.66, surpassing analysts' expectations, with revenues of $457.11 million, reflecting an 11.5% year-over-year increase.
• In insider trading, Adtalem's Director sold over 25,000 shares, which resulted in a 36.96% decrease in their ownership stake, highlighting significant insider activity.

Highland Capital Management LLC purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,820 shares of the company's stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings 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 worth $29,000 after acquiring an additional 104 shares during the last quarter. USA Financial Formulas lifted its stake in Adtalem Global Education by 214.9% in the first quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Adtalem Global Education by 10,488.9% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock valued at $96,000 after buying an additional 944 shares during the period. GAMMA Investing LLC grew 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 last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Adtalem Global Education by 100.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,471 shares of the company's stock worth $187,000 after buying an additional 737 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the completion of the sale, the director owned 43,451 shares of the company's stock, valued at $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 SEC, which is available at this link. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total transaction of $128,072.48. Following the completion of the transaction, the chief accounting officer directly owned 4,901 shares in the company, valued at $664,918.67. This represents a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,713 shares of company stock valued at $7,702,094 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Adtalem Global Education Trading Down 0.9%

NYSE:ATGE opened at $148.64 on Monday. The firm has a 50-day simple moving average of $132.90 and a 200-day simple moving average of $122.40. 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 firm has a market cap of $5.40 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.28 and a beta of 0.86. Adtalem Global Education Inc. has a one year low of $71.09 and a one year high of $155.39.

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. The business had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The business's revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of Adtalem Global Education in a report on Saturday, September 27th. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. Barrington Research restated an "outperform" rating and issued a $150.00 price target on shares of Adtalem Global Education in a report on Tuesday, September 23rd. Finally, Zacks Research downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Company 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.

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