Franklin Resources Inc. Buys 224,232 Shares of Adtalem Global Education Inc. $ATGE

Franklin Resources Inc. boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 1,755.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,003 shares of the company’s stock after purchasing an additional 224,232 shares during the quarter. Franklin Resources Inc. owned approximately 0.66% of Adtalem Global Education worth $30,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of Adtalem Global Education by 377.1% during the first quarter. Envestnet Asset Management Inc. now owns 12,294 shares of the company’s stock worth $1,237,000 after purchasing an additional 9,717 shares in the last quarter. Pacer Advisors Inc. raised its position in Adtalem Global Education by 6.4% during the first quarter. Pacer Advisors Inc. now owns 3,981 shares of the company’s stock valued at $401,000 after purchasing an additional 241 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Adtalem Global Education by 10,488.9% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company’s stock worth $96,000 after purchasing an additional 944 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Adtalem Global Education by 1.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company’s stock worth $1,196,000 after purchasing an additional 129 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its position in shares of Adtalem Global Education by 88,412.5% during the 1st quarter. Picton Mahoney Asset Management now owns 14,162 shares of the company’s stock valued at $1,426,000 after purchasing an additional 14,146 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Adtalem Global Education

In other news, Director Kenneth J. Phelan bought 508 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of $98.29 per share, for a total transaction of $49,931.32. Following the completion of the acquisition, the director owned 18,783 shares in the company, valued at approximately $1,846,181.07. This trade represents a 2.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael W. Malafronte purchased 1,000 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $91.85 per share, for a total transaction of $91,850.00. Following the acquisition, the director owned 100,445 shares in the company, valued at $9,225,873.25. This trade represents a 1.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.50% of the stock is currently owned by insiders.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $92.69 on Thursday. 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 fifty-two week low of $84.79 and a fifty-two week high of $156.26. The firm has a market cap of $3.37 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. The business has a 50 day moving average price of $127.90 and a 200-day moving average price of $126.65.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, October 30th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $462.29 million for the quarter, compared to the consensus estimate of $452.30 million. During the same period in the previous year, the firm earned $1.29 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Equities research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on ATGE shares. Wall Street Zen downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Zacks Research lowered shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Barrington Research reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Adtalem Global Education in a report on Wednesday, November 19th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $158.00 target price on shares of Adtalem Global Education in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Adtalem Global Education has an average 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.