Adtalem Global Education (NYSE:ATGE) Reaches New 1-Year High After Analyst Upgrade

Adtalem Global Education Inc. (NYSE:ATGE) shares reached a new 52-week high on Thursday after Barrington Research raised their price target on the stock from $150.00 to $170.00. Barrington Research currently has an outperform rating on the stock. Adtalem Global Education traded as high as $157.35 and last traded at $148.10, with a volume of 498 shares trading hands. The stock had previously closed at $148.62.

Several other research analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Zacks Research lowered shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Wall Street Zen cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Four 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.67.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction that occurred 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. The trade was a 16.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lisa W. Wardell sold 25,477 shares of the company’s 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 transaction, the director directly owned 43,451 shares of the company’s stock, valued at $5,752,043.38. This represents 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 valued at $7,702,094 over the last quarter. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ATGE. Sachetta LLC acquired a new position in shares of Adtalem Global Education during the 2nd quarter worth about $25,000. Penserra Capital Management LLC bought a new position in shares of Adtalem Global Education in the second quarter valued at $28,000. Fifth Third Bancorp grew its stake 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 in the last quarter. Allworth Financial LP grew its stake in shares of Adtalem Global Education by 82.9% in the second quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $44,000 after buying an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Adtalem Global Education by 727.9% in the second quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $45,000 after buying an additional 313 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Down 0.6%

The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.28 and a beta of 0.86. 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 business’s 50 day simple moving average is $138.47 and its 200 day simple moving average is $124.90.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. The company had revenue of $457.11 million for 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%. Adtalem Global Education’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period 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, research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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.