American Century Companies Inc. Cuts Position in Adtalem Global Education Inc. $ATGE

American Century Companies Inc. lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,457 shares of the company’s stock after selling 19,884 shares during the period. American Century Companies Inc. owned approximately 0.19% of Adtalem Global Education worth $7,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATGE. Lord Abbett & CO. LLC purchased a new position in shares of Adtalem Global Education in the 1st quarter worth approximately $40,829,000. GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 11,723.8% in the 1st quarter. GAMMA Investing LLC now owns 173,101 shares of the company’s stock worth $17,421,000 after buying an additional 171,637 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Adtalem Global Education by 58.2% in the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company’s stock worth $41,206,000 after buying an additional 150,702 shares during the last quarter. Westport Asset Management Inc. purchased a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $11,425,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Adtalem Global Education by 799.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company’s stock worth $11,826,000 after buying an additional 115,699 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, May 12th. Barrington Research lifted their price target on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an “outperform” rating in a 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 report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Adtalem Global Education presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Insider Transactions at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lisa W. Wardell sold 18,392 shares of the company’s stock in a transaction 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 transaction, the director directly owned 68,928 shares in the company, valued at approximately $9,320,444.16. The trade was a 21.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,527 shares of company stock valued at $4,623,499. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Trading Down 0.9%

NYSE:ATGE opened at $134.73 on Thursday. The company has a market cap of $4.84 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.18 and a beta of 0.88. The stock’s fifty day moving average price is $122.30 and its two-hundred day moving average price 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 debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.15. The firm had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education declared that its board has authorized a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

About Adtalem Global Education

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.