Janney Montgomery Scott LLC Lowers Stake in Adtalem Global Education Inc. $ATGE

Janney Montgomery Scott LLC lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,993 shares of the company’s stock after selling 296 shares during the period. Janney Montgomery Scott LLC’s holdings in Adtalem Global Education were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ATGE. Fifth Third Bancorp raised its position in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of 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 worth $96,000 after purchasing an additional 944 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 17.5% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock worth $173,000 after purchasing an additional 256 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Adtalem Global Education by 100.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,471 shares of the company’s stock worth $187,000 after purchasing an additional 737 shares during the last quarter. Finally, CWM LLC raised its position in shares of Adtalem Global Education by 167.2% during the 1st quarter. CWM LLC now owns 1,999 shares of the company’s stock worth $201,000 after purchasing an additional 1,251 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Manjunath Gangadharan sold 944 shares of the firm’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 sale, the chief accounting officer directly owned 4,901 shares in the company, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the firm’s stock in a transaction on 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 in the company, valued at $5,752,043.38. The trade was a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,713 shares of company stock worth $7,702,094 over the last 90 days. Company insiders own 2.50% of the company’s stock.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $148.80 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $5.41 billion, a P/E ratio of 24.04, a PEG ratio of 1.29 and a beta of 0.86. The company has a 50 day moving average price of $137.92 and a 200 day moving average price of $124.58. Adtalem Global Education Inc. has a fifty-two week low of $71.09 and a fifty-two week high of $155.39.

Adtalem Global Education (NYSE:ATGE) last posted 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 net margin of 13.26% and a return on equity of 17.95%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Wall Street Analyst Weigh In

ATGE has been the subject of several research analyst reports. Barrington Research upped their price target on shares of Adtalem Global Education from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday. 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. Zacks Research downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Adtalem Global Education currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.67.

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.