5,185 Shares in Adtalem Global Education Inc. $ATGE Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC has acquired a $522,000 stake in Adtalem Global Education Inc., purchasing 5,185 shares in the first quarter.
• The company's Q3 earnings exceeded expectations, reporting $1.66 EPS compared to an estimate of $1.51, with revenues reaching $457.11 million.
• Institutional investors own 98.84% of Adtalem Global Education's stock, indicating strong institutional interest in the company.

Ieq Capital LLC purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,185 shares of the company's stock, valued at approximately $522,000.

Several other hedge funds have also recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in shares of Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after purchasing an additional 104 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Adtalem Global Education by 1.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company's stock worth $1,196,000 after purchasing an additional 129 shares during the period. US Bancorp DE lifted its holdings in shares of Adtalem Global Education by 3.9% during the first quarter. US Bancorp DE now owns 3,414 shares of the company's stock worth $344,000 after purchasing an additional 129 shares during the period. Xponance Inc. raised its position in Adtalem Global Education by 5.2% in the first quarter. Xponance Inc. now owns 3,040 shares of the company's stock worth $306,000 after acquiring an additional 151 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after acquiring an additional 155 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on ATGE shares. Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Barrington Research increased their price objective on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, BMO Capital Markets increased their price objective 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. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Adtalem Global Education has a consensus rating of "Moderate Buy" and an average price target of $139.00.

Insider Transactions at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction dated 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 sale, the chief accounting officer owned 4,901 shares in the company, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education stock in a transaction dated 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 sale, the director owned 43,451 shares of the company's stock, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,713 shares of company stock valued at $7,702,094. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Price Performance

Shares of ATGE stock traded down $1.19 during mid-day trading on Tuesday, reaching $135.10. The stock had a trading volume of 88,731 shares, compared to its average volume of 462,564. Adtalem Global Education Inc. has a 12-month low of $68.60 and a 12-month high of $140.12. The company has a market cap of $4.86 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The business has a 50-day simple moving average of $123.47 and a 200 day simple moving average of $116.27. 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 quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter 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, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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.