13,615 Shares in Adtalem Global Education Inc. $ATGE Bought by Redwood Investments LLC

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 first quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,615 shares of the company's stock, valued at approximately $1,370,000.

A number of other large investors have also added to or reduced their stakes in ATGE. Fifth Third Bancorp raised its holdings in 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 buying an additional 104 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Adtalem Global Education in the 1st quarter valued at approximately $31,000. USA Financial Formulas raised its holdings in Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock valued at $89,000 after buying an additional 606 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Adtalem Global Education by 10,488.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock valued at $96,000 after buying an additional 944 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock valued at $173,000 after buying an additional 256 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ATGE shares. Zacks Research lowered shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Barrington Research raised their price objective on shares of Adtalem Global Education from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $139.00.

Insider Activity at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 25,477 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were 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 of the company's stock, valued at $5,752,043.38. This trade represents a 36.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total transaction of $128,072.48. Following the sale, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at approximately $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 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 Trading Down 0.9%

NYSE:ATGE traded down $1.27 on Friday, reaching $137.33. 228,830 shares of the stock traded hands, compared to its average volume of 336,642. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94. The company's 50 day moving average is $124.53 and its 200-day moving average is $117.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 1-year low of $71.09 and a 1-year high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.15. The business had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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.