Creative Planning Increases Holdings in Adtalem Global Education Inc. $ATGE

Creative Planning raised its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 46.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,911 shares of the company’s stock after buying an additional 3,136 shares during the period. Creative Planning’s holdings in Adtalem Global Education were worth $1,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in Adtalem Global Education by 377.1% during the first 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 last quarter. Pacer Advisors Inc. grew its stake in shares of Adtalem Global Education by 6.4% in the 1st quarter. Pacer Advisors Inc. now owns 3,981 shares of the company’s stock valued at $401,000 after buying an additional 241 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Adtalem Global Education by 1.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company’s stock worth $1,196,000 after buying an additional 129 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Adtalem Global Education by 12.9% during the 1st quarter. Natixis Advisors LLC now owns 13,482 shares of the company’s stock valued at $1,357,000 after buying an additional 1,537 shares during the period. Finally, US Bancorp DE lifted its holdings in Adtalem Global Education by 3.9% in the first quarter. US Bancorp DE now owns 3,414 shares of the company’s stock valued at $344,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 0.1%

Shares of ATGE stock opened at $92.56 on Friday. Adtalem Global Education Inc. has a fifty-two week low of $84.79 and a fifty-two week high of $156.26. The company has a 50 day moving average price of $125.99 and a 200 day moving average price of $126.15. The stock has a market capitalization of $3.36 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. 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 (NYSE:ATGE) last released its earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company had revenue of $462.29 million for the quarter, compared to analyst estimates of $452.30 million. During the same period in the prior year, the business earned $1.29 EPS. The firm’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. Equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Kenneth J. Phelan purchased 508 shares of Adtalem Global Education stock in a transaction on Wednesday, November 5th. The shares were bought at an average price of $98.29 per share, with a total value 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 trade represents a 2.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Malafronte acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $91.85 per share, with a total value of $91,850.00. Following the purchase, the director directly owned 100,445 shares in the company, valued at approximately $9,225,873.25. This trade represents a 1.01% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Robert W. Baird set a $163.00 target price on Adtalem Global Education in a research note on Friday, October 31st. Barrington Research reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a research report on Friday, October 31st. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. 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. Finally, BMO Capital Markets restated an “outperform” rating and issued a $158.00 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 given a Hold rating to the company’s stock. According to MarketBeat, Adtalem Global Education has an average rating of “Moderate Buy” and a consensus price target of $156.50.

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.