7,877 Shares in Adtalem Global Education Inc. $ATGE Purchased by Virtus Advisers LLC

Key Points

• Virtus Advisers LLC has made a new investment in Adtalem Global Education Inc. valued at approximately $793,000, acquiring 7,877 shares in the company, which is now the 20th largest holding in their portfolio.
• Adtalem Global Education has received various analyst upgrades, with Barrington Research increasing their price target from $140.00 to $150.00 and maintaining an "outperform" rating.
• Shares of Adtalem Global Education have seen a 1.6% increase recently, with their latest quarterly earnings showing a net margin of 13.26% and revenue growth of 11.5% compared to the same quarter last year.

Virtus Advisers LLC purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,877 shares of the company's stock, valued at approximately $793,000. Adtalem Global Education comprises approximately 1.0% of Virtus Advisers LLC's holdings, making the stock its 20th biggest position.

A number of other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Adtalem Global Education by 1.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company's stock worth $1,196,000 after acquiring an additional 129 shares during the period. US Bancorp DE raised its position in Adtalem Global Education by 3.9% in the first quarter. US Bancorp DE now owns 3,414 shares of the company's stock worth $344,000 after acquiring an additional 129 shares during the period. Xponance Inc. raised its position in Adtalem Global Education by 5.2% in the first quarter. Xponance Inc. now owns 3,040 shares of the company's stock worth $306,000 after acquiring an additional 151 shares during the period. Finally, Vontobel Holding Ltd. raised its position in Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Lisa W. Wardell sold 18,392 shares of Adtalem Global Education stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.22, for a total value of $2,486,966.24. Following the completion of the transaction, the director directly owned 68,928 shares of the company's stock, valued at $9,320,444.16. This trade represents a 21.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction 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 completion of the transaction, 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 sold 34,527 shares of company stock valued at $4,623,499 in the last three months. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Price Performance

ATGE traded down $2.52 during trading on Thursday, hitting $132.06. 431,839 shares of the company traded hands, compared to its average volume of 439,071. The company has a market cap of $4.75 billion, a PE ratio of 20.15, a P/E/G ratio of 1.17 and a beta of 0.88. The stock's 50-day simple moving average is $122.30 and its two-hundred day simple moving average is $114.51. Adtalem Global Education Inc. has a 1 year low of $68.60 and a 1 year high of $140.12. 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 posted its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.15. The company had revenue of $457.11 million during the quarter, compared to analysts' expectations of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. Adtalem Global Education's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its board has approved a share repurchase program on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

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.