Panagora Asset Management Inc. Buys New Position in Adtalem Global Education Inc. $ATGE

Key Points

• Panagora Asset Management Inc. has acquired a new stake in Adtalem Global Education Inc., purchasing 108,424 shares valued at approximately $10.9 million, bringing its ownership to about 0.29% of the company.
• Adtalem Global Education's recent earnings report surpassed expectations, reporting an EPS of $1.66 and revenues of $457.11 million, marking an 11.5% year-over-year increase.
• Analyst ratings for the stock show a consensus average of "Moderate Buy" with target prices ranging from $132.00 to $150.00, indicating positive sentiments on future performance.

Panagora Asset Management Inc. purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 108,424 shares of the company's stock, valued at approximately $10,912,000. Panagora Asset Management Inc. owned about 0.29% of Adtalem Global Education as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ATGE shares. Barrington Research upped their price target on Adtalem Global Education from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Zacks Research downgraded Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, BMO Capital Markets boosted their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $139.00.

Adtalem Global Education Trading Down 0.3%

Shares of ATGE stock traded down $0.46 on Friday, hitting $134.31. The stock had a trading volume of 239,454 shares, compared to its average volume of 386,724. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization 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. Adtalem Global Education Inc. has a 1 year low of $68.60 and a 1 year high of $140.12. The company's 50 day moving average price is $123.30 and its 200-day moving average price is $115.86.

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 for the quarter, topping 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 the consensus estimate of $440.93 million. During the same quarter in the prior year, the business earned $1.37 EPS. Adtalem Global Education's 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. Analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Activity

In other news, CAO Manjunath Gangadharan sold 944 shares of the company's 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 transaction, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at approximately $664,918.67. This represents a 16.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the sale, the director directly owned 43,451 shares of the company's stock, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,713 shares of company stock valued at $7,702,094. Insiders own 2.00% of the company's stock.

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.