EMC Capital Management Purchases New Position in Adtalem Global Education Inc. $ATGE

EMC Capital Management acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,850 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ATGE. Goldman Sachs Group Inc. lifted its holdings in shares of Adtalem Global Education by 124.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock worth $70,350,000 after buying an additional 387,330 shares during the period. Northern Trust Corp raised its holdings in shares of Adtalem Global Education by 8.0% in the first quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock valued at $51,524,000 after acquiring an additional 37,742 shares in the last quarter. Invesco Ltd. lifted its stake in Adtalem Global Education by 13.3% in the first quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock worth $44,578,000 after acquiring an additional 52,013 shares during the period. Boston Partners grew its holdings in Adtalem Global Education by 11.3% during the 1st quarter. Boston Partners now owns 435,060 shares of the company’s stock worth $43,876,000 after acquiring 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 valued at $41,206,000 after purchasing an additional 150,702 shares during the period. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Price Performance

NYSE ATGE opened at $95.64 on Wednesday. The firm’s fifty day simple moving average is $133.12 and its two-hundred day simple moving average is $127.83. The firm has a market capitalization of $3.47 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.22 and a beta of 0.82. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 12-month low of $84.79 and a 12-month high of $156.26.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The firm had revenue of $462.29 million during the quarter, compared to analyst estimates of $452.30 million. During the same quarter in the prior year, the business posted $1.29 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Michael W. Malafronte purchased 1,000 shares of the stock in a transaction on Tuesday, November 4th. The stock was acquired at an average price of $91.85 per share, with a total value of $91,850.00. Following the completion of the acquisition, the director owned 100,445 shares in the company, valued at $9,225,873.25. The trade was a 1.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the company’s stock in a transaction dated 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 transaction, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,713 shares of company stock worth $7,702,094 in the last three months. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ATGE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Adtalem Global Education in a research report on Thursday, November 13th. BMO Capital Markets reissued an “outperform” rating and issued a $158.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Robert W. Baird set a $163.00 target price on Adtalem Global Education in a research report on Friday, October 31st. Zacks Research downgraded Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Barrington Research restated an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Adtalem Global Education currently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Adtalem Global Education 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.