Adtalem Global Education Inc. $ATGE Holdings Lowered by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Adtalem Global Education Inc. by 31.4% during the first quarter, selling 2,182 shares and holding a total of 4,774 shares valued at approximately $476,000.
• Strong interest from other institutional investors was noted, with Fifth Third Bancorp increasing its holdings by 56.8% and USA Financial Formulas boosting theirs by 214.9% in the same period.
• Adtalem Global Education recently reported earnings exceeding analysts' expectations, with a quarterly EPS of $1.66, and set a FY 2026 guidance of 7.600-7.900 EPS.

Hsbc Holdings PLC cut its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 31.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,774 shares of the company's stock after selling 2,182 shares during the period. Hsbc Holdings PLC's holdings in Adtalem Global Education were worth $476,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ATGE. Fifth Third Bancorp increased its position in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after buying an additional 104 shares during the period. Financial Management Professionals Inc. acquired a new stake in Adtalem Global Education in the first quarter worth $31,000. USA Financial Formulas increased its position 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 buying an additional 606 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in Adtalem Global Education by 10,488.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after buying an additional 944 shares during the period. Finally, GAMMA Investing LLC increased its position in Adtalem Global Education by 17.5% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after buying an additional 256 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lisa W. Wardell sold 25,477 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the completion of the transaction, the director owned 43,451 shares of the company's stock, valued at $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $128,072.48. Following the transaction, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at $664,918.67. This represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,713 shares of company stock valued at $7,702,094 in the last ninety days. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

ATGE has been the topic of several analyst reports. BMO Capital Markets increased their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Barrington Research increased their price target on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $139.00.

Adtalem Global Education Price Performance

ATGE stock traded down $0.46 during trading hours on Friday, hitting $134.31. 239,454 shares of the stock traded hands, compared to its average volume of 386,724. The stock has a 50-day simple moving average of $123.30 and a 200 day simple moving average of $115.92. Adtalem Global Education Inc. has a one year low of $68.60 and a one year high of $140.12. The company has a market cap of $4.83 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.17 and a beta of 0.94. 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 (NYSE:ATGE - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating 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 business had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. During the same quarter last year, the business posted $1.37 earnings per share. The company's quarterly 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. Equities analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current 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.