Wellington Management Group LLP Sells 108,378 Shares of Adtalem Global Education Inc. $ATGE

Key Points

• Wellington Management Group LLP sold 108,378 shares of Adtalem Global Education Inc, reducing its position by 12.8%, and now owns approximately 1.98% of the company valued at $74.14 million.
• Adtalem Global Education recently reported an earnings per share (EPS) of $1.66, surpassing analysts' expectations, with revenue increasing by 11.5% year-over-year to $457.11 million.
• The company has initiated a $150 million share buyback plan, indicating management believes the stock is undervalued, and currently has a market cap of $4.86 billion.

Wellington Management Group LLP lowered its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 736,689 shares of the company's stock after selling 108,378 shares during the period. Wellington Management Group LLP owned about 1.98% of Adtalem Global Education worth $74,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Adtalem Global Education by 56.8% in the first 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. acquired a new stake in Adtalem Global Education during the 1st quarter valued at $31,000. USA Financial Formulas boosted its stake in Adtalem Global Education by 214.9% during the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock valued at $89,000 after acquiring an additional 606 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in 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 valued at $96,000 after acquiring an additional 944 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 18,392 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $135.22, for a total transaction of $2,486,966.24. Following the completion of the sale, the director directly owned 68,928 shares of the company's stock, valued at approximately $9,320,444.16. This represents a 21.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William W. Burke sold 2,291 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the transaction, the director directly owned 9,368 shares of the company's stock, valued at $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,527 shares of company stock worth $4,623,499. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barrington Research upped their target price 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. BMO Capital Markets lifted their target price 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, 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.00.

Adtalem Global Education Stock Performance

Adtalem Global Education stock traded down $1.69 on Thursday, hitting $132.90. The company's stock had a trading volume of 87,406 shares, compared to its average volume of 468,367. The company has a fifty day moving average price of $122.30 and a 200-day moving average price of $114.51. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a one year low of $68.60 and a one year high of $140.12. The firm has a market cap of $4.78 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.18 and a beta of 0.88.

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, topping the consensus estimate of $1.51 by $0.15. The business had revenue of $457.11 million for the quarter, compared to analyst estimates of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

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.