Maryland State Retirement & Pension System Reduces Holdings in Adtalem Global Education Inc. $ATGE

Maryland State Retirement & Pension System decreased its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,559 shares of the company’s stock after selling 311 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Adtalem Global Education were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATGE. Harbor Capital Advisors Inc. purchased a new stake in shares of Adtalem Global Education in the 1st quarter worth $839,000. GAMMA Investing LLC grew its holdings in Adtalem Global Education by 17.5% during 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 during the period. Assenagon Asset Management S.A. grew its holdings in Adtalem Global Education by 29.0% during the first quarter. Assenagon Asset Management S.A. now owns 37,917 shares of the company’s stock valued at $3,816,000 after purchasing an additional 8,517 shares during the period. Fifth Third Bancorp grew its holdings in Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Finally, NorthCrest Asset Manangement LLC purchased a new position in shares of Adtalem Global Education during the 1st quarter valued at about $618,000. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the director owned 43,451 shares of the company’s stock, valued at $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $128,072.48. Following the sale, the chief accounting officer directly owned 4,901 shares in the company, valued at approximately $664,918.67. The trade was a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock valued at $7,702,094 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $142.51 on Friday. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.23 and a beta of 0.86. Adtalem Global Education Inc. has a fifty-two week low of $71.09 and a fifty-two week high of $155.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a fifty day moving average price of $136.03 and a 200 day moving average price of $123.78.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $457.11 million for 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 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, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ATGE shares. Wall Street Zen cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. Zacks Research cut shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Barrington Research reissued an “outperform” rating and issued a $150.00 price objective on shares of Adtalem Global Education in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.00.

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.