Adtalem Global Education (NYSE:ATGE) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Adtalem Global Education (NYSE:ATGE) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 price objective on the stock. Barrington Research boosted their price target on shares of Adtalem Global Education from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, BMO Capital Markets upped their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Adtalem Global Education has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Adtalem Global Education Stock Up 0.9%

Adtalem Global Education stock opened at $130.3430 on Tuesday. The stock has a market cap of $4.69 billion, a PE ratio of 21.06, a P/E/G ratio of 1.12 and a beta of 0.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s fifty day moving average is $121.07 and its two-hundred day moving average is $113.58. Adtalem Global Education has a 1-year low of $68.60 and a 1-year high of $140.12.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The business had revenue of $457.11 million for the quarter, compared to the consensus estimate of $440.93 million. During the same quarter in the prior year, the business posted $1.37 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, sell-side analysts expect that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its board has approved a share repurchase plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the sale, the director owned 9,368 shares in the company, valued at approximately $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sachetta LLC purchased a new stake in shares of Adtalem Global Education during the second quarter worth approximately $25,000. Penserra Capital Management LLC acquired a new position in Adtalem Global Education in the 2nd quarter valued at $28,000. Fifth Third Bancorp raised its position in Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after buying an additional 104 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Adtalem Global Education in the 1st quarter worth $31,000. Finally, Allworth Financial LP boosted its holdings in shares of Adtalem Global Education by 82.9% in the second quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $44,000 after acquiring an additional 155 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.