Rhumbline Advisers Trims Stock Holdings in Adtalem Global Education Inc. $ATGE

Rhumbline Advisers lessened its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 1.9% in the second quarter, Holdings Channel.com reports. The firm owned 108,942 shares of the company’s stock after selling 2,127 shares during the period. Rhumbline Advisers’ holdings in Adtalem Global Education were worth $13,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in shares of 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 increased its holdings in Adtalem Global Education by 59.6% in the first quarter. AQR Capital Management LLC now owns 77,762 shares of the company’s stock valued at $7,695,000 after buying an additional 29,038 shares during the last quarter. Allianz SE bought a new stake in Adtalem Global Education in the first quarter valued at about $449,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Adtalem Global Education during the second quarter valued at approximately $233,000. Finally, Informed Momentum Co LLC bought a new position in Adtalem Global Education during the 1st quarter worth approximately $4,039,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ATGE. Robert W. Baird set a $163.00 price target on Adtalem Global Education in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Adtalem Global Education in a research note on Wednesday, November 19th. 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. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Barrington Research reiterated an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Adtalem Global Education Trading Up 0.1%

Shares of NYSE:ATGE opened at $92.56 on Friday. 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’s 50-day moving average price is $125.99 and its 200 day moving average price is $126.14. The company has a market cap of $3.36 billion, a PE ratio of 14.95, a P/E/G ratio of 1.22 and a beta of 0.81. Adtalem Global Education Inc. has a fifty-two week low of $84.79 and a fifty-two week 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. The company had revenue of $462.29 million for the quarter, compared to analyst estimates of $452.30 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. Adtalem Global Education’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 earnings per share. 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 year.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Michael W. Malafronte purchased 1,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $91.85 per share, with a total value of $91,850.00. Following the completion of the acquisition, the director owned 100,445 shares of the company’s stock, valued at approximately $9,225,873.25. This trade represents a 1.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Phelan acquired 508 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average price of $98.29 per share, for a total transaction of $49,931.32. Following the completion of the purchase, the director owned 18,783 shares of the company’s stock, valued at approximately $1,846,181.07. This represents a 2.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.50% of the stock is 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.