Adtalem Global Education Inc. $ATGE Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,675 shares of the company’s stock after selling 963 shares during the quarter. Legal & General Group Plc owned 0.29% of Adtalem Global Education worth $13,445,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Adtalem Global Education by 124.3% during 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 period. Northern Trust Corp raised its holdings in shares of Adtalem Global Education by 8.0% in the first quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock worth $51,524,000 after acquiring an additional 37,742 shares during the last quarter. Invesco Ltd. raised its stake in Adtalem Global Education by 13.3% in the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock valued at $44,578,000 after purchasing an additional 52,013 shares during the last quarter. Boston Partners lifted its stake in shares of Adtalem Global Education by 11.3% during the first quarter. Boston Partners now owns 435,060 shares of the company’s stock valued at $43,876,000 after buying an additional 44,110 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in Adtalem Global Education during the first quarter worth about $40,829,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ATGE. BMO Capital Markets restated an “outperform” rating and set a $158.00 price objective on shares of Adtalem Global Education in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Adtalem Global Education in a research note on Wednesday, November 19th. Wall Street Zen downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Barrington Research reiterated an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a research report on Friday, October 31st. Finally, Zacks Research downgraded Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $92.56 on Friday. The company has a market capitalization of $3.36 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.22 and a beta of 0.81. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $125.99 and a two-hundred day moving average of $126.14. Adtalem Global Education Inc. has a 12 month low of $84.79 and a 12 month high of $156.26.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results 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 return on equity of 17.95% and a net margin of 13.26%.The business had revenue of $462.29 million for the quarter, compared to analyst estimates of $452.30 million. During the same quarter in the previous year, the firm earned $1.29 EPS. Adtalem Global Education’s quarterly revenue was up 10.8% on a year-over-year basis. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. As a group, equities analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael W. Malafronte acquired 1,000 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the director 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth J. Phelan purchased 508 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average cost of $98.29 per share, with a total value of $49,931.32. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. 2.50% of the stock is currently owned by company insiders.

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.