VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in Adtalem Global Education Inc. $ATGE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,700 shares of the company’s stock, valued at approximately $1,107,000.

Other institutional investors have also recently made changes to their positions in the company. Sachetta LLC acquired a new position in shares of Adtalem Global Education in the second quarter valued at approximately $25,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Adtalem Global Education by 10,488.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company’s stock valued at $96,000 after purchasing an additional 944 shares in the last quarter. Harbour Investments Inc. acquired a new position in shares of Adtalem Global Education in the second quarter valued at approximately $117,000. GAMMA Investing LLC grew its holdings in shares of Adtalem Global Education by 17.5% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock valued at $173,000 after purchasing an additional 256 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Adtalem Global Education by 100.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,471 shares of the company’s stock worth $187,000 after acquiring an additional 737 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of the sale, the chief accounting officer owned 4,901 shares in the company, valued at $664,918.67. This represents a 16.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa W. Wardell sold 25,477 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the completion of the sale, the director owned 43,451 shares of the company’s stock, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,713 shares of company stock valued at $7,702,094. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ATGE. Weiss Ratings reiterated a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Zacks Research cut shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Barrington Research boosted their price target on shares of Adtalem Global Education from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.67.

Adtalem Global Education Stock Up 0.4%

Shares of NYSE:ATGE opened at $152.92 on Friday. The company has a market capitalization of $5.56 billion, a PE ratio of 24.70, a P/E/G ratio of 1.31 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a twelve month low of $71.70 and a twelve month high of $155.39. The firm has a 50 day simple moving average of $141.19 and a 200-day simple moving average of $126.67.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.51 by $0.15. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. During the same quarter in the prior year, the firm earned $1.37 EPS. Adtalem Global Education’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, equities analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal 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.