Peregrine Asset Advisers Inc. Increases Stake in Adtalem Global Education Inc. $ATGE

Peregrine Asset Advisers Inc. raised its position in Adtalem Global Education Inc. (NYSE:ATGE) by 21.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,012 shares of the company’s stock after acquiring an additional 12,058 shares during the quarter. Adtalem Global Education makes up 3.2% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 5th largest position. Peregrine Asset Advisers Inc. owned 0.19% of Adtalem Global Education worth $10,659,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ATGE. Goldman Sachs Group Inc. grew its stake in shares of Adtalem Global Education by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock worth $70,350,000 after purchasing an additional 387,330 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Adtalem Global Education by 2.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 660,433 shares of the company’s stock worth $84,027,000 after buying an additional 16,663 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Adtalem Global Education by 444.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 605,137 shares of the company’s stock worth $90,940,000 after buying an additional 494,058 shares during the last quarter. Invesco Ltd. increased its stake in shares of Adtalem Global Education by 8.4% during the second quarter. Invesco Ltd. now owns 479,981 shares of the company’s stock valued at $61,068,000 after buying an additional 37,036 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Adtalem Global Education by 96.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 428,966 shares of the company’s stock valued at $66,254,000 after acquiring an additional 210,709 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

ATGE opened at $99.29 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $3.43 billion, a PE ratio of 14.58, a P/E/G ratio of 0.90 and a beta of 0.71. Adtalem Global Education Inc. has a 1 year low of $86.26 and a 1 year high of $156.26. The stock has a 50-day moving average price of $105.09 and a 200-day moving average price of $119.76.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings cut shares of Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Barrington Research reaffirmed an “outperform” rating and set a $170.00 target price on shares of Adtalem Global Education in a research note on Thursday, January 29th. Robert W. Baird set a $163.00 price target on shares of Adtalem Global Education in a research note on Friday, October 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Adtalem Global Education in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Adtalem Global Education presently has a consensus rating of “Moderate Buy” and an average target price 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.