Kenneth Phelan Buys 508 Shares of Adtalem Global Education (NYSE:ATGE) Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Kenneth Phelan acquired 508 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were purchased at an average cost of $98.29 per share, for a total transaction of $49,931.32. Following the completion of the acquisition, the director directly owned 18,783 shares in the company, valued at approximately $1,846,181.07. This represents a 2.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Adtalem Global Education Trading Down 2.6%

ATGE stock opened at $94.96 on Friday. The firm has a fifty day moving average price of $139.20 and a 200 day moving average price of $128.08. Adtalem Global Education Inc. has a fifty-two week low of $83.70 and a fifty-two week high of $156.26. The firm has a market cap of $3.45 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data 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 net margin of 13.26% and a return on equity of 17.95%. The business had revenue of $462.29 million during the quarter, compared to analyst estimates of $452.30 million. During the same quarter last year, the business earned $1.29 earnings per share. Adtalem Global Education’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. Sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ATGE shares. Zacks Research downgraded Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. 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. Robert W. Baird set a $163.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research note on Wednesday, October 8th. Four 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, Adtalem Global Education currently has an average rating of “Moderate Buy” and an average target price of $156.50.

Institutional Trading of Adtalem Global Education

A number of large investors have recently modified their holdings of the company. Vontobel Holding Ltd. lifted its stake in Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock worth $258,000 after acquiring an additional 155 shares during the period. Principal Financial Group Inc. boosted its stake in Adtalem Global Education by 2.0% in the first quarter. Principal Financial Group Inc. now owns 204,582 shares of the company’s stock valued at $20,589,000 after acquiring an additional 3,958 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Adtalem Global Education by 377.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,294 shares of the company’s stock worth $1,237,000 after purchasing an additional 9,717 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Adtalem Global Education in the first quarter worth about $371,000. Finally, Cerity Partners LLC grew its position in Adtalem Global Education by 17.0% during the 1st quarter. Cerity Partners LLC now owns 7,004 shares of the company’s stock worth $705,000 after purchasing an additional 1,019 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

About Adtalem Global Education

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.