Adtalem Global Education (NYSE:ATGE) Reaches New 1-Year High – Here’s What Happened

Adtalem Global Education Inc. (NYSE:ATGE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $144.77 and last traded at $143.88, with a volume of 881878 shares traded. The stock had previously closed at $143.36.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ATGE. Wall Street Zen downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Barrington Research reaffirmed an “outperform” rating and set a $150.00 target price on shares of Adtalem Global Education in a research note on Tuesday. Finally, Zacks Research downgraded Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.00.

Adtalem Global Education Trading Up 0.4%

The company has a 50 day moving average of $127.33 and a 200 day moving average of $119.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.24 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.66 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $440.93 million. During the same period in the prior year, the company earned $1.37 EPS. The firm’s revenue 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, 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 Lisa W. Wardell sold 25,477 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the transaction, the director directly owned 43,451 shares of the company’s stock, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction 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 directly owned 4,901 shares of the company’s stock, valued at approximately $664,918.67. This represents a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,713 shares of company stock valued at $7,702,094. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Adtalem Global Education

Large investors have recently added to or reduced their stakes in the stock. Sachetta LLC purchased a new stake in Adtalem Global Education in the 2nd quarter valued at $25,000. Penserra Capital Management LLC purchased a new position in shares of Adtalem Global Education during the 2nd quarter worth $28,000. Fifth Third Bancorp grew its holdings in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Adtalem Global Education during the 1st quarter worth $31,000. Finally, Allworth Financial LP grew its holdings 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 purchasing an additional 155 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.