Lansforsakringar Fondforvaltning AB publ Buys Shares of 49,662 Adtalem Global Education Inc. $ATGE

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 49,662 shares of the company’s stock, valued at approximately $7,670,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATGE. Penserra Capital Management LLC purchased a new position in shares of Adtalem Global Education in the second quarter worth approximately $28,000. Salomon & Ludwin LLC purchased a new stake in Adtalem Global Education during the third quarter valued at approximately $28,000. UMB Bank n.a. raised its position in Adtalem Global Education by 79.7% in the third quarter. UMB Bank n.a. now owns 266 shares of the company’s stock worth $41,000 after acquiring an additional 118 shares during the period. Allworth Financial LP boosted its stake in shares of Adtalem Global Education by 82.9% during the 2nd quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $44,000 after acquiring an additional 155 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in shares of Adtalem Global Education by 727.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $45,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $98.54 on Wednesday. The business’s 50-day simple moving average is $106.25 and its two-hundred day simple moving average is $117.91. Adtalem Global Education Inc. has a 52 week low of $86.26 and a 52 week high of $156.26. The stock has a market cap of $3.40 billion, a PE ratio of 14.47, a P/E/G ratio of 0.83 and a beta of 0.71. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.37.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Wednesday, January 28th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.24. The firm had revenue of $503.39 million during the quarter, compared to analysts’ expectations of $488.72 million. Adtalem Global Education had a return on equity of 20.24% and a net margin of 13.41%.The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $1.81 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ATGE. Robert W. Baird set a $163.00 target price on Adtalem Global Education in a report on Friday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Adtalem Global Education in a research note on Friday, January 30th. Weiss Ratings cut Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Barrington Research reiterated an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Adtalem Global Education has a consensus rating of “Moderate Buy” and an average target price of $151.50.

Adtalem Global Education Company Profile

Adtalem Global Education (NYSE:ATGE) is a leading provider of postsecondary education and professional development solutions. Through a network of brands and institutions, the company delivers degree programs and continuing education in high-demand fields such as healthcare, business, technology and the sciences. Adtalem’s offerings span campus-based and online formats, catering to diverse learner needs and career stages.

The company’s portfolio includes Chamberlain University, which specializes in nursing and healthcare; Carrington College, offering career-focused programs in allied health, business and trades; Walden University, a fully online institution for graduate and undergraduate degrees; and a suite of medical and veterinary schools, including Ross University School of Medicine and Ross University School of Veterinary Medicine, both located in the Caribbean.