SG Americas Securities LLC Invests $287,000 in Adtalem Global Education Inc. $ATGE

SG Americas Securities LLC bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the 2nd quarter, HoldingsChannel reports. The fund bought 2,253 shares of the company’s stock, valued at approximately $287,000.

Several other hedge funds have also recently added to or reduced their stakes in ATGE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Adtalem Global Education by 3.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,224 shares of the company’s stock valued at $1,174,000 after purchasing an additional 306 shares during the period. Candriam S.C.A. lifted its holdings in Adtalem Global Education by 4.1% in the second quarter. Candriam S.C.A. now owns 62,941 shares of the company’s stock worth $8,008,000 after purchasing an additional 2,453 shares during the period. Police & Firemen s Retirement System of New Jersey grew its position in Adtalem Global Education by 6.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,463 shares of the company’s stock valued at $1,077,000 after buying an additional 487 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Adtalem Global Education by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,511 shares of the company’s stock valued at $319,000 after buying an additional 139 shares during the period. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth about $265,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a report on Friday, October 31st. Robert W. Baird set a $163.00 price target on Adtalem Global Education in a research note on Friday, October 31st. BMO Capital Markets reissued an “outperform” rating and issued a $158.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Wall Street Zen lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Zacks Research lowered Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Insider Activity

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

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 firm 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. The business has a fifty day simple moving average of $125.99 and a 200-day simple moving average of $126.14. 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 earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $462.29 million for the quarter, compared to analyst estimates of $452.30 million. During the same period in the previous year, the firm earned $1.29 earnings per share. Adtalem Global Education’s revenue for the quarter was up 10.8% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. As a group, equities analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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.