Landscape Capital Management L.L.C. Takes $3.19 Million Position in Adtalem Global Education Inc. $ATGE

Key Points

• Landscape Capital Management L.L.C. has acquired 31,709 shares of Adtalem Global Education Inc., valued at approximately $3.19 million, representing about 0.09% of the company's total shares.
• Adtalem Global Education reported a quarterly earnings per share of $1.66, exceeding analysts' expectations, with total revenue of $457.11 million, which is an 11.5% increase year-over-year.
• The company has authorized a $150 million stock buyback plan, indicating management's belief that the shares are currently undervalued.

Landscape Capital Management L.L.C. bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,709 shares of the company's stock, valued at approximately $3,191,000. Landscape Capital Management L.L.C. owned 0.09% of Adtalem Global Education at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new stake in Adtalem Global Education during the 1st quarter worth approximately $40,829,000. GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 11,723.8% during the first quarter. GAMMA Investing LLC now owns 173,101 shares of the company's stock worth $17,421,000 after acquiring an additional 171,637 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Adtalem Global Education by 58.2% during the first quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock worth $41,206,000 after acquiring an additional 150,702 shares during the period. Westport Asset Management Inc. bought a new stake in Adtalem Global Education in the 4th quarter valued at $11,425,000. Finally, Balyasny Asset Management L.P. boosted its stake in Adtalem Global Education by 799.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company's stock worth $11,826,000 after purchasing an additional 115,699 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Price Performance

NYSE:ATGE traded up $2.10 during mid-day trading on Wednesday, reaching $134.45. The stock had a trading volume of 63,494 shares, compared to its average volume of 466,039. The stock has a 50-day simple moving average of $122.77 and a two-hundred day simple moving average of $115.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. Adtalem Global Education Inc. has a 12 month low of $68.60 and a 12 month high of $140.12. The stock has a market capitalization of $4.83 billion, a PE ratio of 21.71, a P/E/G ratio of 1.14 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) 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 company had revenue of $457.11 million for the quarter, compared to analyst estimates of $440.93 million. During the same quarter last year, the company posted $1.37 EPS. The company's revenue for the quarter 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. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 25,477 shares of the business'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 sale, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William W. Burke sold 2,291 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the transaction, the director owned 9,368 shares of the company's stock, valued at approximately $1,202,382.80. This trade represents a 19.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,004 shares of company stock valued at $7,996,144. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ATGE has been the topic of a number of research reports. BMO Capital Markets boosted their price target on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Barrington Research lifted their price target on Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Zacks Research lowered 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 given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $139.00.

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.