Elo Mutual Pension Insurance Co Acquires New Holdings in Adtalem Global Education Inc. $ATGE

Elo Mutual Pension Insurance Co bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,545 shares of the company’s stock, valued at approximately $1,342,000.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Adtalem Global Education by 111.2% during the second quarter. American Century Companies Inc. now owns 148,776 shares of the company’s stock worth $18,929,000 after acquiring an additional 78,319 shares in the last quarter. Journey Strategic Wealth LLC acquired a new position in Adtalem Global Education in the 2nd quarter worth $206,000. Franklin Resources Inc. boosted its stake in Adtalem Global Education by 1,755.8% in the 2nd quarter. Franklin Resources Inc. now owns 237,003 shares of the company’s stock worth $30,154,000 after purchasing an additional 224,232 shares during the period. Handelsbanken Fonder AB increased its holdings in Adtalem Global Education by 3.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 8,495 shares of the company’s stock worth $1,081,000 after purchasing an additional 300 shares in the last quarter. Finally, EMC Capital Management acquired a new stake in shares of Adtalem Global Education in the 2nd quarter valued at about $235,000. Institutional investors own 98.84% of the company’s stock.

Insider Transactions at Adtalem Global Education

In other news, Director Michael W. Malafronte acquired 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, for a total transaction of $91,850.00. Following the purchase, the director directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Phelan bought 508 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average price 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 $1,846,181.07. The trade was a 2.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.50% of the company’s stock.

Adtalem Global Education Stock Up 3.4%

NYSE:ATGE opened at $92.69 on Friday. Adtalem Global Education Inc. has a twelve month low of $84.79 and a twelve month high of $156.26. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. 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 stock’s 50 day moving average price is $126.95 and its two-hundred day moving average price is $126.42.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, October 30th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $462.29 million during the quarter, compared to analysts’ expectations of $452.30 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period 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. Equities research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ATGE shares. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Barrington Research restated an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a research note on Friday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $158.00 price target on shares of Adtalem Global Education in a research note on Friday, October 31st. Robert W. Baird set a $163.00 price objective on shares of Adtalem Global Education in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Adtalem Global Education in a research report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Adtalem Global Education Profile

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.