Adtalem Global Education Inc. $ATGE Shares Sold by Ariel Investments LLC

Ariel Investments LLC reduced its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 25.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,375,687 shares of the company’s stock after selling 481,191 shares during the quarter. Adtalem Global Education comprises approximately 2.0% of Ariel Investments LLC’s portfolio, making the stock its 20th largest holding. Ariel Investments LLC owned about 3.83% of Adtalem Global Education worth $175,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Sachetta LLC purchased a new position in shares of Adtalem Global Education during the second quarter worth about $25,000. Penserra Capital Management LLC acquired a new stake in shares of Adtalem Global Education in the 2nd quarter valued at about $28,000. Allworth Financial LP grew its stake in Adtalem Global Education by 82.9% during the 2nd quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $44,000 after buying an additional 155 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in Adtalem Global Education by 727.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $45,000 after buying an additional 313 shares during the last quarter. Finally, Nkcfo LLC purchased a new stake in Adtalem Global Education in the second quarter valued at approximately $91,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

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

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $93.93 on Wednesday. Adtalem Global Education Inc. has a 52 week low of $84.79 and a 52 week high of $156.26. The company has a 50-day moving average price of $118.39 and a 200 day moving average price of $124.28. The company has a market cap of $3.41 billion, a P/E ratio of 14.06, a PEG ratio of 0.80 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.38.

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

Wall Street Analysts Forecast Growth

ATGE has been the topic of a number of research reports. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research report on Monday, December 1st. BMO Capital Markets restated an “outperform” rating and issued a $158.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Barrington Research reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a report on Friday, October 31st. Finally, Robert W. Baird set a $163.00 price target on Adtalem Global Education in a report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Adtalem Global Education 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.