CHURCHILL MANAGEMENT Corp Purchases New Stake in Adtalem Global Education Inc. $ATGE

CHURCHILL MANAGEMENT Corp purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,171 shares of the company’s stock, valued at approximately $4,475,000.

Other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after buying an additional 104 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Adtalem Global Education in the first quarter valued at approximately $31,000. USA Financial Formulas boosted its stake in shares of Adtalem Global Education by 214.9% in the first quarter. USA Financial Formulas now owns 888 shares of the company’s stock valued at $89,000 after buying an additional 606 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake 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 buying an additional 944 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 buying an additional 256 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 25,477 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the transaction, the director directly owned 43,451 shares of the company’s stock, valued at $5,752,043.38. The trade was a 36.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of the transaction, the chief accounting officer directly owned 4,901 shares of the company’s stock, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,713 shares of company stock valued at $7,702,094. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ATGE. Wall Street Zen cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Adtalem Global Education in a report on Tuesday, September 23rd. Finally, Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Three research 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, Adtalem Global Education has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $150.49 on Thursday. Adtalem Global Education Inc. has a fifty-two week low of $71.09 and a fifty-two week high of $155.39. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.86. The business has a fifty day moving average of $131.51 and a 200-day moving average of $121.35. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, topping 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 company had revenue of $457.11 million during the quarter, compared to analysts’ expectations of $440.93 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share 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.