Horizon Investment Services LLC Has $417,000 Stock Holdings in Adtalem Global Education Inc. $ATGE

Horizon Investment Services LLC lowered its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 20.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,279 shares of the company’s stock after selling 821 shares during the period. Horizon Investment Services LLC’s holdings in Adtalem Global Education were worth $417,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of Adtalem Global Education by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock valued at $70,350,000 after purchasing an additional 387,330 shares during the last quarter. Northern Trust Corp boosted its stake in Adtalem Global Education by 8.0% in 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 during the period. Invesco Ltd. grew its holdings in Adtalem Global Education by 13.3% in the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock valued at $44,578,000 after buying an additional 52,013 shares in the last quarter. Boston Partners grew its holdings in Adtalem Global Education by 11.3% in the 1st quarter. Boston Partners now owns 435,060 shares of the company’s stock valued at $43,876,000 after buying an additional 44,110 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Adtalem Global Education by 58.2% during the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company’s stock worth $41,206,000 after buying an additional 150,702 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

ATGE has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and issued a $158.00 price target on shares of Adtalem Global Education in a research note on Friday, October 31st. Zacks Research lowered shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Adtalem Global Education in a research note on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Adtalem Global Education presently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Insider Activity at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Phelan bought 508 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average price of $98.29 per share, for a total transaction of $49,931.32. Following the transaction, the director directly owned 18,783 shares of the company’s stock, valued at approximately $1,846,181.07. This represents a 2.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 57,713 shares of company stock valued at $7,702,094 in the last quarter. 2.50% of the stock is owned by company insiders.

Adtalem Global Education Trading Down 2.6%

Shares of ATGE opened at $94.96 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 52-week low of $83.70 and a 52-week high of $156.26. 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. The business’s fifty day moving average is $139.20 and its 200-day moving average is $128.08.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $452.30 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.Adtalem Global Education’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal 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.