Adtalem Global Education (NYSE:ATGE) Director Acquires $49,931.32 in Stock

Adtalem Global Education Inc. (NYSE:ATGE) Director Kenneth Phelan acquired 508 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average cost of $98.29 per share, with a total value of $49,931.32. Following the completion of the transaction, the director owned 18,783 shares in the company, valued at $1,846,181.07. The trade was a 2.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Adtalem Global Education Stock Down 0.2%

Shares of NYSE ATGE opened at $94.98 on Friday. 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 1 year low of $83.70 and a 1 year high of $156.26. The stock’s 50-day simple moving average is $138.48 and its 200-day simple moving average is $128.06. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.22 and a beta of 0.81.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The firm had revenue of $462.29 million during the quarter, compared to analyst estimates of $452.30 million. During the same quarter last year, the firm earned $1.29 EPS. Adtalem Global Education’s quarterly revenue 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. As a group, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATGE. Barrington Research reissued an “outperform” rating and set a $170.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Zacks Research downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. BMO Capital Markets reissued an “outperform” rating and set a $158.00 price objective on shares of Adtalem Global Education in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $163.00 price target 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Adtalem Global Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Institutional Investors Weigh In On Adtalem Global Education

Institutional investors have recently modified their holdings of the business. Vontobel Holding Ltd. lifted its holdings in Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock worth $258,000 after acquiring an additional 155 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Adtalem Global Education by 2.0% during the first quarter. Principal Financial Group Inc. now owns 204,582 shares of the company’s stock valued at $20,589,000 after purchasing an additional 3,958 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Adtalem Global Education by 377.1% during the 1st 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 during the period. Alps Advisors Inc. bought a new stake in shares of Adtalem Global Education in the 1st quarter worth approximately $371,000. Finally, Cerity Partners LLC boosted its position in Adtalem Global Education by 17.0% during the 1st quarter. Cerity Partners LLC now owns 7,004 shares of the company’s stock valued at $705,000 after purchasing an additional 1,019 shares during the period. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Company 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.