Massachusetts Financial Services Co. MA Grows Stock Position in Adtalem Global Education Inc. $ATGE

Massachusetts Financial Services Co. MA boosted its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 96.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 428,966 shares of the company’s stock after purchasing an additional 210,709 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.18% of Adtalem Global Education worth $66,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Sachetta LLC acquired a new stake in Adtalem Global Education in the second quarter valued at approximately $25,000. Penserra Capital Management LLC acquired a new position in Adtalem Global Education during the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC purchased a new stake in shares of Adtalem Global Education in the 3rd quarter valued at approximately $28,000. Allworth Financial LP raised its holdings in shares of Adtalem Global Education by 82.9% in the 2nd quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $44,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Adtalem Global Education by 727.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $45,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael W. Malafronte acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of $91.85 per share, with a total value of $91,850.00. Following the completion of the acquisition, the director owned 100,445 shares of the company’s stock, valued at $9,225,873.25. The trade was a 1.01% increase in their ownership of the stock. The acquisition was disclosed in a filing 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 dated Wednesday, November 5th. The stock was acquired 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 directly owned 18,783 shares in the company, valued at approximately $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. 2.50% of the stock is currently owned by insiders.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $118.30 on Wednesday. The stock’s 50-day moving average is $101.34 and its two-hundred day moving average is $120.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.98 and a current ratio of 0.98. Adtalem Global Education Inc. has a 1 year low of $86.26 and a 1 year high of $156.26. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.99 and a beta of 0.68.

Adtalem Global Education (NYSE:ATGE) last posted 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 the consensus estimate of $452.30 million. Adtalem Global Education had a return on equity of 18.74% and a net margin of 13.79%.The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ATGE. Robert W. Baird set a $163.00 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 report on Friday, October 31st. Weiss Ratings cut Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Adtalem Global Education Company Profile

Adtalem Global Education (NYSE:ATGE) is a leading provider of postsecondary education and professional development solutions. Through a network of brands and institutions, the company delivers degree programs and continuing education in high-demand fields such as healthcare, business, technology and the sciences. Adtalem’s offerings span campus-based and online formats, catering to diverse learner needs and career stages.

The company’s portfolio includes Chamberlain University, which specializes in nursing and healthcare; Carrington College, offering career-focused programs in allied health, business and trades; Walden University, a fully online institution for graduate and undergraduate degrees; and a suite of medical and veterinary schools, including Ross University School of Medicine and Ross University School of Veterinary Medicine, both located in the Caribbean.