Envestnet Asset Management Inc. Increases Position in Adtalem Global Education Inc. $ATGE

Envestnet Asset Management Inc. grew its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 91.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,165 shares of the company’s stock after purchasing an additional 18,265 shares during the quarter. Envestnet Asset Management Inc. owned about 0.11% of Adtalem Global Education worth $5,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Peregrine Asset Advisers Inc. increased its holdings in shares of Adtalem Global Education by 21.2% in the third quarter. Peregrine Asset Advisers Inc. now owns 69,012 shares of the company’s stock valued at $10,659,000 after purchasing an additional 12,058 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Adtalem Global Education by 2,453.6% during the third quarter. Penserra Capital Management LLC now owns 5,669 shares of the company’s stock worth $875,000 after buying an additional 5,447 shares during the last quarter. Keeler Thomas Management LLC grew its holdings in Adtalem Global Education by 1.1% in the 3rd quarter. Keeler Thomas Management LLC now owns 11,141 shares of the company’s stock valued at $1,721,000 after buying an additional 122 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Adtalem Global Education by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 197,565 shares of the company’s stock worth $30,514,000 after acquiring an additional 4,975 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new position in shares of Adtalem Global Education during the 3rd quarter worth $237,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $96.72 on Friday. The company’s 50 day simple moving average is $106.28 and its 200-day simple moving average is $118.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.68. Adtalem Global Education Inc. has a 1 year low of $86.26 and a 1 year high of $156.26. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.82 and a beta of 0.71.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Wednesday, January 28th. The company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.24. The company had revenue of $503.39 million for the quarter, compared to analysts’ expectations of $488.72 million. Adtalem Global Education had a return on equity of 20.24% and a net margin of 13.41%.The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, equities research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATGE has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $138.00 price objective on shares of Adtalem Global Education in a report on Friday, January 30th. Weiss Ratings cut shares of Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barrington Research restated an “outperform” rating and set a $170.00 price target on shares of Adtalem Global Education in a report on Thursday, January 29th. Finally, Robert W. Baird set a $163.00 price objective on Adtalem Global Education in a report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.50.

About Adtalem Global Education

Adtalem Global Education (NYSE:ATGE) is a leading provider of postsecondary education and professional development solutions. Through a network of brands and institutions, the company delivers degree programs and continuing education in high-demand fields such as healthcare, business, technology and the sciences. Adtalem’s offerings span campus-based and online formats, catering to diverse learner needs and career stages.

The company’s portfolio includes Chamberlain University, which specializes in nursing and healthcare; Carrington College, offering career-focused programs in allied health, business and trades; Walden University, a fully online institution for graduate and undergraduate degrees; and a suite of medical and veterinary schools, including Ross University School of Medicine and Ross University School of Veterinary Medicine, both located in the Caribbean.