Adtalem Global Education Inc. $ATGE Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Adtalem Global Education Inc. by 36.9%, acquiring an additional 8,076 shares, bringing its total ownership to approximately $3 million.
• Adtalem Global Education reported $1.66 earnings per share for the last quarter, surpassing analysts' estimates, and its revenues grew by 11.5% year-over-year.
• Analysts have varied opinions on ATGE, with Barrington Research raising its price target to $150, while others have downgraded their ratings, with a current consensus of a "Moderate Buy".

Voya Investment Management LLC increased its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 36.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 29,986 shares of the company's stock after buying an additional 8,076 shares during the quarter. Voya Investment Management LLC owned about 0.08% of Adtalem Global Education worth $3,018,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ATGE. Lord Abbett & CO. LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter valued at about $40,829,000. Goldman Sachs Group Inc. lifted its position in shares of Adtalem Global Education by 124.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company's stock valued at $70,350,000 after buying an additional 387,330 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Adtalem Global Education by 11,723.8% during the 1st quarter. GAMMA Investing LLC now owns 173,101 shares of the company's stock valued at $17,421,000 after buying an additional 171,637 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Adtalem Global Education by 58.2% during the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock valued at $41,206,000 after buying an additional 150,702 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new position in Adtalem Global Education in the 1st quarter worth approximately $10,912,000. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Stock Down 0.5%

Shares of NYSE ATGE traded down $0.65 during mid-day trading on Tuesday, reaching $142.71. 146,142 shares of the company were exchanged, compared to its average volume of 457,867. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.21 and a beta of 0.94. Adtalem Global Education Inc. has a 1 year low of $71.09 and a 1 year high of $144.77. The firm has a 50-day moving average of $126.81 and a 200 day moving average of $119.01.

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 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 analysts' expectations of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

ATGE has been the topic of a number of research analyst reports. Barrington Research reissued an "outperform" rating and issued a $150.00 price target on shares of Adtalem Global Education in a report on Tuesday. Zacks Research cut Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Adtalem Global Education presently has an average rating of "Moderate Buy" and an average price target of $139.00.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the sale, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of the sale, the chief accounting officer owned 4,901 shares of the company's stock, valued at approximately $664,918.67. This trade represents 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 90 days. 2.00% of the stock is currently owned by company insiders.

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.