Russell Investments Group Ltd. Buys 19,191 Shares of Adtalem Global Education Inc. $ATGE

Key Points

• Russell Investments Group Ltd. increased its stake in Adtalem Global Education by 34.7%, acquiring 19,191 shares, leading to a total ownership of 74,551 shares valued at approximately $7.5 million.
• Adtalem Global Education reported earnings per share of $1.66, exceeding analysts' expectations, and set its FY 2026 EPS guidance between $7.600 and $7.900.
• Institutional investors hold 98.84% of Adtalem Global Education’s stock, with several hedge funds significantly increasing their positions during the first quarter.

Russell Investments Group Ltd. raised its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 34.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,551 shares of the company's stock after purchasing an additional 19,191 shares during the period. Russell Investments Group Ltd. owned 0.20% of Adtalem Global Education worth $7,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors grew its holdings in Adtalem Global Education by 5.2% during the fourth quarter. Capital World Investors now owns 1,016,441 shares of the company's stock valued at $92,344,000 after purchasing an additional 50,000 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Adtalem Global Education by 19.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock valued at $55,367,000 after purchasing an additional 99,491 shares during the last quarter. Northern Trust Corp grew its holdings in Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock valued at $43,083,000 after purchasing an additional 22,084 shares during the last quarter. Invesco Ltd. grew its holdings in Adtalem Global Education by 13.3% during the first quarter. Invesco Ltd. now owns 442,945 shares of the company's stock valued at $44,578,000 after purchasing an additional 52,013 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Adtalem Global Education by 58.2% during the first 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. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ATGE. Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. 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 report on Friday, August 8th. Finally, BMO Capital Markets increased their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Adtalem Global Education currently has an average rating of "Moderate Buy" and a consensus target price of $139.00.

Insider Buying and Selling

In related news, Director William W. Burke sold 2,291 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the transaction, the director directly owned 9,368 shares of the company's stock, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Stock Performance

ATGE stock traded up $2.1590 during midday trading on Friday, hitting $135.0490. The stock had a trading volume of 560,609 shares, compared to its average volume of 411,839. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.17 and a beta of 0.88. Adtalem Global Education Inc. has a 52 week low of $68.60 and a 52 week high of $140.12. The stock has a 50-day simple moving average of $121.60 and a 200 day simple moving average of $113.99. 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 (NYSE:ATGE - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.51 by $0.15. The firm had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.Adtalem Global Education's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, equities research 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 initiated a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

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.