Mutual of America Capital Management LLC Sells 812 Shares of Adtalem Global Education Inc. $ATGE

Mutual of America Capital Management LLC lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,615 shares of the company’s stock after selling 812 shares during the period. Mutual of America Capital Management LLC’s holdings in Adtalem Global Education were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in Adtalem Global Education by 124.3% during the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock valued at $70,350,000 after purchasing an additional 387,330 shares during the last quarter. Northern Trust Corp raised its position in shares of Adtalem Global Education by 8.0% during the 1st quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock valued at $51,524,000 after buying an additional 37,742 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Adtalem Global Education by 13.3% in the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock valued at $44,578,000 after acquiring an additional 52,013 shares during the last quarter. Boston Partners grew its position in Adtalem Global Education by 11.3% in the first quarter. Boston Partners now owns 435,060 shares of the company’s stock worth $43,876,000 after acquiring an additional 44,110 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Adtalem Global Education by 58.2% during the first quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company’s stock worth $41,206,000 after acquiring an additional 150,702 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ATGE. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Weiss Ratings restated a “buy (b)” rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. 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. Finally, Barrington Research raised their target price on shares of Adtalem Global Education from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Adtalem Global Education has an average rating of “Moderate Buy” and an average price target of $145.67.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $153.74 on Tuesday. The stock has a 50 day moving average of $142.18 and a two-hundred day moving average of $127.71. Adtalem Global Education Inc. has a 12 month low of $71.93 and a 12 month high of $156.26. The firm has a market cap of $5.59 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data 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 firm had revenue of $457.11 million during 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%. Adtalem Global Education’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total transaction of $128,072.48. Following the sale, the chief accounting officer owned 4,901 shares of the company’s stock, valued at $664,918.67. The trade was a 16.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the transaction, the director owned 43,451 shares of the company’s stock, valued at approximately $5,752,043.38. The trade was a 36.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,713 shares of company stock worth $7,702,094. Corporate 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.