Allianz Asset Management GmbH Trims Position in Adtalem Global Education Inc. $ATGE

Allianz Asset Management GmbH cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 26.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 300,549 shares of the company’s stock after selling 108,888 shares during the quarter. Allianz Asset Management GmbH’s holdings in Adtalem Global Education were worth $38,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Adtalem Global Education by 124.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock worth $70,350,000 after buying an additional 387,330 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Adtalem Global Education by 8.0% during the 1st quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock valued at $51,524,000 after purchasing an additional 37,742 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Adtalem Global Education by 13.3% during the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock valued at $44,578,000 after purchasing an additional 52,013 shares in the last quarter. Boston Partners increased its holdings in shares of Adtalem Global Education by 11.3% during the 1st quarter. Boston Partners now owns 435,060 shares of the company’s stock valued at $43,876,000 after purchasing an additional 44,110 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Adtalem Global Education during the 1st quarter valued at approximately $40,829,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value of $128,072.48. Following the transaction, the chief accounting officer owned 4,901 shares of the company’s stock, valued at $664,918.67. This represents a 16.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 43,451 shares in the company, valued at $5,752,043.38. The trade was a 36.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,713 shares of company stock worth $7,702,094 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Adtalem Global Education Trading Up 2.5%

Shares of ATGE stock opened at $151.31 on Friday. The company’s 50-day moving average price is $139.06 and its 200-day moving average price is $125.38. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.31 and a beta of 0.86. Adtalem Global Education Inc. has a twelve month low of $71.09 and a twelve month high of $155.39.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.15. The firm had revenue of $457.11 million for the quarter, compared to analysts’ expectations of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATGE has been the subject of several recent research reports. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Zacks Research lowered shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Barrington Research boosted their price target on shares of Adtalem Global Education from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.67.

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.