Redwood Investments LLC Buys New Position in Adtalem Global Education Inc. $ATGE

Key Points

• Redwood Investments LLC has acquired 13,615 shares of Adtalem Global Education Inc. ($ATGE), valued at approximately $1,370,000 in the first quarter.
• Insider selling has been notable, with Director Lisa W. Wardell selling 25,477 shares for over $3.37 million, reducing her position by nearly 37%.
• Adtalem's recent earnings report showed an EPS of $1.66, exceeding analysts' estimates, and revenue increase of 11.5% compared to the previous year.

Redwood Investments LLC acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,615 shares of the company's stock, valued at approximately $1,370,000.

Several other hedge funds have also recently added to or reduced their stakes in ATGE. Lord Abbett & CO. LLC acquired a new position in Adtalem Global Education in the 1st quarter valued at $40,829,000. Goldman Sachs Group Inc. raised its stake in Adtalem Global Education by 124.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company's stock valued at $70,350,000 after purchasing an additional 387,330 shares during the last quarter. GAMMA Investing LLC raised its stake in Adtalem Global Education by 11,723.8% in the 1st quarter. GAMMA Investing LLC now owns 173,101 shares of the company's stock valued at $17,421,000 after purchasing an additional 171,637 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Adtalem Global Education by 58.2% in the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock valued at $41,206,000 after purchasing an additional 150,702 shares during the last quarter. Finally, Westport Asset Management Inc. acquired a new position in Adtalem Global Education in the 4th quarter valued at $11,425,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 25,477 shares of the firm'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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the sale, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at $664,918.67. The trade was a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock valued at $7,702,094 over the last three months. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ATGE. Barrington Research increased their price objective 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 research note on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Trading Down 0.9%

Shares of NYSE:ATGE traded down $1.27 during midday trading on Friday, reaching $137.33. 228,830 shares of the company's stock were exchanged, compared to its average volume of 336,642. The firm's 50 day simple moving average is $124.53 and its two-hundred day simple moving average is $117.17. 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 stock has a market cap of $4.94 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.20 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.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS 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.