Adtalem Global Education Inc. (NYSE:ATGE) Given Average Recommendation of “Moderate Buy” by Analysts

Adtalem Global Education Inc. (NYSE:ATGE) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $139.00.

A number of brokerages have recently issued reports on ATGE. Wall Street Zen cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. Barrington Research reissued an “outperform” rating and issued a $150.00 target price on shares of Adtalem Global Education in a research note on Tuesday, September 23rd. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research note on Saturday, September 27th.

Insider Activity

In related news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the sale, the chief accounting officer directly owned 4,901 shares of the company’s stock, valued at $664,918.67. This trade represents a 16.15% 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, Director Lisa W. Wardell sold 25,477 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the completion of the sale, the director owned 43,451 shares of the company’s stock, valued at $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,713 shares of company stock worth $7,702,094 over the last three months. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Adtalem Global Education

Several large investors have recently made changes to their positions in ATGE. GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education by 11,723.8% during the first quarter. GAMMA Investing LLC now owns 173,101 shares of the company’s stock valued at $17,421,000 after purchasing an additional 171,637 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Adtalem Global Education during the first quarter valued at approximately $31,000. Harbor Capital Advisors Inc. purchased a new position in shares of Adtalem Global Education during the first quarter valued at approximately $839,000. Assenagon Asset Management S.A. lifted its holdings in shares of 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 last quarter. Finally, USA Financial Formulas lifted its holdings in shares of Adtalem Global Education by 214.9% during the first quarter. USA Financial Formulas now owns 888 shares of the company’s stock valued at $89,000 after purchasing an additional 606 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Down 3.4%

Shares of NYSE:ATGE opened at $144.71 on Friday. The stock’s 50-day moving average price is $134.24 and its 200-day moving average price is $122.91. Adtalem Global Education has a 12-month low of $71.09 and a 12-month high of $155.39. The stock has a market capitalization of $5.26 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $457.11 million for the quarter, compared to analysts’ expectations of $440.93 million. During the same period last year, the firm earned $1.37 earnings per share. The company’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. On average, equities analysts anticipate that Adtalem Global Education will post 6.2 earnings per share for the current year.

About Adtalem Global Education

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.