Adtalem Global Education Inc. $ATGE Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC significantly increased its stake in Adtalem Global Education by acquiring 55,195 shares, raising its ownership to 82,009 shares valued at approximately $8.25 million.
• Various institutional investors, including UBS AM and Empowered Funds LLC, have also modified their holdings, with institutional investors now owning 98.84% of Adtalem's stock.
• Adtalem Global Education reported strong earnings per share of $1.66, surpassing estimates, and set its FY 2026 guidance between 7.600-7.900 EPS.

Intech Investment Management LLC boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 205.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,009 shares of the company's stock after purchasing an additional 55,195 shares during the quarter. Intech Investment Management LLC owned about 0.22% of Adtalem Global Education worth $8,253,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ATGE. Baird Financial Group Inc. bought a new position in Adtalem Global Education during the fourth quarter valued at $201,000. Deutsche Bank AG increased its position in Adtalem Global Education by 19.7% during the fourth quarter. Deutsche Bank AG now owns 67,054 shares of the company's stock valued at $6,092,000 after acquiring an additional 11,054 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Adtalem Global Education in the fourth quarter worth about $492,000. Gotham Asset Management LLC grew its holdings in shares of Adtalem Global Education by 15.5% in the fourth quarter. Gotham Asset Management LLC now owns 15,646 shares of the company's stock worth $1,421,000 after purchasing an additional 2,094 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Adtalem Global Education by 100.2% in the fourth quarter. Lazard Asset Management LLC now owns 47,201 shares of the company's stock worth $4,287,000 after purchasing an additional 23,626 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

ATGE has been the subject of several research reports. Barrington Research upped their price target 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. Zacks Research cut shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $139.00.

Insider Buying and Selling

In related news, 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 transaction of $3,372,645.26. Following the completion of the sale, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education 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 completion of the sale, the chief accounting officer owned 4,901 shares of the company's stock, valued at $664,918.67. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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 Stock Down 0.7%

Shares of ATGE traded down $0.97 during mid-day trading on Tuesday, hitting $134.44. 74,996 shares of the company's stock were exchanged, compared to its average volume of 458,152. The stock's 50-day moving average is $124.81 and its 200-day moving average is $117.53. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.18 and a beta of 0.94. Adtalem Global Education Inc. has a fifty-two week low of $71.09 and a fifty-two week high of $140.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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. The firm had revenue of $457.11 million for the quarter, compared to analysts' expectations of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm's revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. 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 fiscal 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.