Intech Investment Management LLC Acquires 55,195 Shares of Adtalem Global Education Inc. $ATGE

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 grew its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 205.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,009 shares of the company's stock after buying an additional 55,195 shares during the quarter. Intech Investment Management LLC owned approximately 0.22% of Adtalem Global Education worth $8,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATGE. Baird Financial Group Inc. acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at $201,000. Deutsche Bank AG increased its stake in shares of Adtalem Global Education by 19.7% in the fourth quarter. Deutsche Bank AG now owns 67,054 shares of the company's stock valued at $6,092,000 after buying an additional 11,054 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at $492,000. Gotham Asset Management LLC increased its stake 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 valued at $1,421,000 after buying an additional 2,094 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake 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 valued at $4,287,000 after buying an additional 23,626 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Adtalem Global Education

In other 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 transaction, the director owned 43,451 shares in the company, valued at $5,752,043.38. The trade was a 36.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction, the chief accounting officer 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 90 days, insiders have sold 57,713 shares of company stock worth $7,702,094. Company insiders own 2.00% of the company's stock.

Adtalem Global Education Trading Down 0.9%

ATGE traded down $1.27 during midday trading on Friday, reaching $137.33. 228,830 shares of the company were exchanged, compared to its average volume of 336,642. 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 Inc. has a one year low of $71.09 and a one year high of $140.12. The stock has a market capitalization of $4.94 billion, a P/E ratio of 22.19, a PEG ratio of 1.20 and a beta of 0.94. The stock's 50-day simple moving average is $124.53 and its 200 day simple moving average is $117.17.

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 (EPS) for the quarter, topping 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 firm had revenue of $457.11 million for the quarter, compared to analysts' expectations of $440.93 million. During the same quarter last year, the business earned $1.37 earnings per share. The company's revenue was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.