Adtalem Global Education Inc. $ATGE Stock Position Reduced by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 20,340 shares of the company’s stock after selling 958 shares during the period. Ritholtz Wealth Management’s holdings in Adtalem Global Education were worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Adtalem Global Education by 124.3% during the 1st 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 position in shares of Adtalem Global Education by 8.0% during the 1st quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock worth $51,524,000 after purchasing an additional 37,742 shares during the period. Invesco Ltd. raised its position in shares of Adtalem Global Education by 13.3% during the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock worth $44,578,000 after purchasing an additional 52,013 shares during the period. Boston Partners raised its position in shares of Adtalem Global Education by 11.3% during the 1st quarter. Boston Partners now owns 435,060 shares of the company’s stock worth $43,876,000 after purchasing an additional 44,110 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Adtalem Global Education by 58.2% during the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company’s stock worth $41,206,000 after purchasing an additional 150,702 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total transaction of $128,072.48. Following the transaction, the chief accounting officer directly owned 4,901 shares in the company, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their position. The sale 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 Adtalem Global Education stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total value of $3,372,645.26. Following the transaction, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,713 shares of company stock worth $7,702,094. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ATGE shares. Wall Street Zen cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Weiss Ratings restated a “buy (b)” rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Finally, Barrington Research raised their target price on Adtalem Global Education from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Adtalem Global Education currently has an average rating of “Moderate Buy” and an average target price of $145.67.

Adtalem Global Education Price Performance

Shares of ATGE opened at $147.80 on Friday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86. 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 Inc. has a one year low of $71.09 and a one year high of $155.39. The stock’s fifty day moving average is $138.47 and its 200-day moving average is $124.90.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $457.11 million for the quarter, compared to analysts’ expectations of $440.93 million. During the same period last year, the firm earned $1.37 EPS. The firm’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. Equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.