Public Employees Retirement System of Ohio Grows Stock Holdings in Adtalem Global Education Inc. $ATGE

Public Employees Retirement System of Ohio grew its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 100.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,471 shares of the company’s stock after acquiring an additional 737 shares during the period. Public Employees Retirement System of Ohio’s holdings in Adtalem Global Education were worth $187,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ATGE. Harbor Capital Advisors Inc. purchased a new stake in Adtalem Global Education during the first quarter worth $839,000. GAMMA Investing LLC boosted its holdings in Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock worth $173,000 after buying an additional 256 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Adtalem Global Education by 29.0% during the first quarter. Assenagon Asset Management S.A. now owns 37,917 shares of the company’s stock worth $3,816,000 after buying an additional 8,517 shares in the last quarter. USA Financial Formulas boosted its holdings in Adtalem Global Education by 214.9% during the first quarter. USA Financial Formulas now owns 888 shares of the company’s stock worth $89,000 after buying an additional 606 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in 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 buying an additional 104 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a report on Saturday, September 27th. Finally, Barrington Research reissued an “outperform” rating and set a $150.00 price target on shares of Adtalem Global Education in a report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $139.00.

Adtalem Global Education Stock Performance

ATGE opened at $149.69 on Tuesday. 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 company has a market cap of $5.44 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.28 and a beta of 0.86. Adtalem Global Education Inc. has a 52-week low of $71.09 and a 52-week high of $155.39. The firm’s fifty day simple moving average is $133.62 and its two-hundred day simple moving average is $122.76.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. The business 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%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, 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 directly owned 4,901 shares in the company, valued at $664,918.67. This represents a 16.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction dated 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 completion of the sale, the director owned 43,451 shares of the company’s stock, valued at $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,713 shares of company stock valued at $7,702,094 over the last quarter. Company insiders own 2.50% of the company’s stock.

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.