Fisher Asset Management LLC Acquires Shares of 335,605 Adtalem Global Education Inc. $ATGE

Fisher Asset Management LLC acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 335,605 shares of the company’s stock, valued at approximately $42,699,000. Fisher Asset Management LLC owned about 0.93% of Adtalem Global Education as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ATGE. Sachetta LLC acquired a new position in Adtalem Global Education during the second quarter worth approximately $25,000. Penserra Capital Management LLC purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $28,000. Allworth Financial LP grew its position in shares of Adtalem Global Education by 82.9% during the second quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $44,000 after acquiring an additional 155 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Adtalem Global Education by 727.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $45,000 after acquiring an additional 313 shares during the period. Finally, Harbour Investments Inc. purchased a new stake in Adtalem Global Education in the 2nd quarter valued at $117,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ATGE. Robert W. Baird set a $163.00 price objective on shares of Adtalem Global Education in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $158.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Barrington Research reissued an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.50.

Insiders Place Their Bets

In related news, Director Michael W. Malafronte bought 1,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average cost of $91.85 per share, with a total value of $91,850.00. Following the completion of the acquisition, the director owned 100,445 shares in the company, valued at approximately $9,225,873.25. This represents a 1.01% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth J. Phelan purchased 508 shares of Adtalem Global Education stock in a transaction dated Wednesday, November 5th. The shares were bought at an average price of $98.29 per share, with a total value of $49,931.32. Following the completion of the transaction, the director owned 18,783 shares in the company, valued at approximately $1,846,181.07. This trade represents a 2.78% increase in their position. The SEC filing for this purchase provides additional information. 2.50% of the stock is currently owned by company insiders.

Adtalem Global Education Price Performance

Shares of ATGE opened at $94.23 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $124.01 and its two-hundred day moving average is $125.57. Adtalem Global Education Inc. has a twelve month low of $84.79 and a twelve month high of $156.26. The firm has a market capitalization of $3.42 billion, a PE ratio of 14.11, a P/E/G ratio of 0.80 and a beta of 0.73.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. Adtalem Global Education had a return on equity of 18.74% and a net margin of 13.79%.The business had revenue of $462.29 million during the quarter, compared to analysts’ expectations of $452.30 million. During the same period last year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education Company Profile

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.