HighTower Advisors LLC Sells 3,494 Shares of Adtalem Global Education Inc. $ATGE

Key Points

• HighTower Advisors LLC reduced its stake in Adtalem Global Education by 46.1% in the first quarter, now holding 4,085 shares valued at $411,000.
• Adtalem Global Education reported quarterly earnings of $1.66 EPS, exceeding expectations of $1.51, with a revenue of $457.11 million for the quarter, up 11.5% year-over-year.
• The company has authorized a $150 million stock repurchase plan, signaling management's belief that its shares are currently undervalued.

HighTower Advisors LLC decreased its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 46.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,085 shares of the company's stock after selling 3,494 shares during the quarter. HighTower Advisors LLC's holdings in Adtalem Global Education were worth $411,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ATGE. Envestnet Asset Management Inc. acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $234,000. Hsbc Holdings PLC raised its stake in shares of Adtalem Global Education by 34.8% in the 4th quarter. Hsbc Holdings PLC now owns 6,956 shares of the company's stock valued at $634,000 after buying an additional 1,795 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Adtalem Global Education by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,975 shares of the company's stock worth $2,996,000 after purchasing an additional 1,471 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Adtalem Global Education by 4.2% during the 4th quarter. Voya Investment Management LLC now owns 21,910 shares of the company's stock worth $1,991,000 after purchasing an additional 886 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Adtalem Global Education by 4.9% during the 4th quarter. Northern Trust Corp now owns 474,224 shares of the company's stock worth $43,083,000 after purchasing an additional 22,084 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATGE. Zacks Research cut shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Barrington Research increased 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 report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.00.

Adtalem Global Education Price Performance

NYSE:ATGE traded down $0.46 during mid-day trading on Friday, reaching $134.31. 239,454 shares of the company were exchanged, compared to its average volume of 386,724. Adtalem Global Education Inc. has a 12 month low of $68.60 and a 12 month high of $140.12. The company has a fifty day moving average of $123.30 and a 200 day moving average of $115.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. The stock has a market cap of $4.83 billion, a PE ratio of 21.70, a PEG ratio of 1.17 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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 analyst estimates of $440.93 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The company'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. On average, research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction dated 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 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 position. The sale 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 dated Wednesday, August 27th. The shares were 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 trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,713 shares of company stock worth $7,702,094. Insiders own 2.00% of the company's stock.

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.