Peregrine Asset Advisers Inc. Sells 2,710 Shares of Adtalem Global Education Inc. $ATGE

Peregrine Asset Advisers Inc. decreased its position in Adtalem Global Education Inc. (NYSE:ATGE) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 56,954 shares of the company’s stock after selling 2,710 shares during the period. Adtalem Global Education makes up approximately 2.3% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 9th largest position. Peregrine Asset Advisers Inc.’s holdings in Adtalem Global Education were worth $7,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock worth $258,000 after purchasing an additional 155 shares during the last quarter. Acadian Asset Management LLC grew its position in Adtalem Global Education by 222.0% in the 1st quarter. Acadian Asset Management LLC now owns 27,758 shares of the company’s stock worth $2,790,000 after purchasing an additional 19,137 shares during the last quarter. AQR Capital Management LLC grew its position in Adtalem Global Education by 59.6% in the 1st quarter. AQR Capital Management LLC now owns 77,762 shares of the company’s stock worth $7,695,000 after purchasing an additional 29,038 shares during the last quarter. Allianz SE bought a new position in Adtalem Global Education in the 1st quarter worth about $449,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Adtalem Global Education in the 2nd quarter worth about $233,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ATGE. Wall Street Zen cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Zacks Research cut shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Barrington Research reiterated an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $158.00 target price on shares of Adtalem Global Education in a report on Friday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Adtalem Global Education Stock Down 29.9%

ATGE stock opened at $99.36 on Monday. Adtalem Global Education Inc. has a 12-month low of $78.56 and a 12-month high of $156.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.22 and a beta of 0.86. The company has a 50 day moving average of $142.34 and a two-hundred day moving average of $128.69.

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 analysts’ consensus estimates of $1.57 by $0.18. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $462.29 million during the quarter, compared to the consensus estimate of $452.30 million. During the same quarter in the prior year, the firm earned $1.29 EPS. The company’s 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. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the transaction, the chief accounting officer owned 4,901 shares in the company, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were 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 in the company, valued at $5,752,043.38. This represents a 36.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 57,713 shares of company stock valued at $7,702,094. Insiders own 2.50% of the company’s stock.

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.