Strs Ohio Invests $1.17 Million in Adtalem Global Education Inc. $ATGE

Key Points

• Strs Ohio acquired 11,600 shares of Adtalem Global Education Inc., valued at approximately $1,167,000, marking a significant investment in the company during the first quarter.
• Adtalem's stock has shown positive earnings performance, reporting $1.66 EPS for the last quarter, exceeding analysts' estimates and reflecting an 11.5% increase in revenue compared to the previous year.
• Analysts have set a consensus rating of "Moderate Buy" for Adtalem Global Education, with recent price targets indicating a potential upswing to $139.00.

Strs Ohio purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,600 shares of the company's stock, valued at approximately $1,167,000.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Adtalem Global Education in the first quarter valued at $31,000. USA Financial Formulas boosted its holdings in Adtalem Global Education by 214.9% in the first quarter. USA Financial Formulas now owns 888 shares of the company's stock valued at $89,000 after purchasing an additional 606 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Adtalem Global Education by 10,488.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock worth $96,000 after acquiring an additional 944 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 17.5% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after purchasing an additional 256 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATGE shares. Wall Street Zen downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Barrington Research raised their price target on shares of 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, Zacks Research cut shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Adtalem Global Education presently has a consensus rating of "Moderate Buy" and an average price target of $139.00.

Insider Activity at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the transaction, the chief accounting officer owned 4,901 shares of the company's stock, valued at approximately $664,918.67. This represents a 16.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lisa W. Wardell sold 25,477 shares of the company'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 transaction, the director directly owned 43,451 shares in the company, valued at $5,752,043.38. The trade was a 36.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,713 shares of company stock worth $7,702,094 in the last three months. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

NYSE ATGE traded up $0.92 during trading on Friday, reaching $140.56. The company's stock had a trading volume of 918,821 shares, compared to its average volume of 344,597. Adtalem Global Education Inc. has a twelve month low of $71.09 and a twelve month high of $141.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The business's fifty day moving average price is $126.32 and its 200-day moving average price is $118.64. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.21 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its 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 net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $457.11 million for the quarter, compared to analyst estimates of $440.93 million. During the same period in the prior year, the business posted $1.37 earnings per share. The firm'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. As a group, analysts anticipate 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.