Allspring Global Investments Holdings LLC Raises Stock Position in Adtalem Global Education Inc. $ATGE

Allspring Global Investments Holdings LLC increased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 85.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,079 shares of the company’s stock after purchasing an additional 51,172 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.30% of Adtalem Global Education worth $14,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes 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 period. Northern Trust Corp boosted its position in Adtalem Global Education by 8.0% during the first quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock worth $51,524,000 after acquiring an additional 37,742 shares during the last quarter. Invesco Ltd. raised its stake in Adtalem Global Education by 13.3% during the first quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock worth $44,578,000 after purchasing an additional 52,013 shares during the period. Boston Partners raised its stake in Adtalem Global Education by 11.3% during the first quarter. Boston Partners now owns 435,060 shares of the company’s stock worth $43,876,000 after purchasing an additional 44,110 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Adtalem Global Education by 58.2% during the first quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company’s stock worth $41,206,000 after purchasing an additional 150,702 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATGE. Zacks Research cut shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a 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 restated a “buy (b)” rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Finally, Barrington Research increased their price target on shares of Adtalem Global Education from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday. Four 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, Adtalem Global Education presently has an average rating of “Moderate Buy” and a consensus price target of $145.67.

Insider Buying and Selling

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

Adtalem Global Education Price Performance

ATGE opened at $151.31 on Friday. The company’s 50 day simple moving average is $139.06 and its 200 day simple moving average is $125.24. 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 1 year low of $71.09 and a 1 year high of $155.39. The stock has a market capitalization of $5.50 billion, a PE ratio of 24.44, a P/E/G ratio of 1.27 and a beta of 0.86.

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 analysts’ consensus estimates 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%. Adtalem Global Education’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.