Massachusetts Financial Services Co. MA Grows Stock Holdings in Adtalem Global Education Inc. $ATGE

Massachusetts Financial Services Co. MA boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 96.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 428,966 shares of the company’s stock after purchasing an additional 210,709 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Adtalem Global Education were worth $66,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake 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 valued at $70,350,000 after purchasing an additional 387,330 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adtalem Global Education by 2.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 660,433 shares of the company’s stock worth $84,027,000 after purchasing an additional 16,663 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Adtalem Global Education by 444.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 605,137 shares of the company’s stock worth $90,940,000 after purchasing an additional 494,058 shares during the period. Invesco Ltd. grew its position in Adtalem Global Education by 8.4% in the 2nd quarter. Invesco Ltd. now owns 479,981 shares of the company’s stock valued at $61,068,000 after buying an additional 37,036 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in Adtalem Global Education in the 2nd quarter valued at $42,699,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Kenneth J. Phelan purchased 508 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average price of $98.29 per share, with a total value of $49,931.32. Following the purchase, the director directly owned 18,783 shares of the company’s stock, valued at $1,846,181.07. The trade was a 2.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael W. Malafronte purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $91.85 per share, for a total transaction of $91,850.00. Following the acquisition, the director owned 100,445 shares in the company, valued at approximately $9,225,873.25. This trade represents a 1.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on ATGE shares. Robert W. Baird set a $163.00 target price on shares of Adtalem Global Education in a research note on Friday, October 31st. Weiss Ratings lowered shares of Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barrington Research restated an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a research report on Friday, October 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Adtalem Global Education in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Adtalem Global Education currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $118.30 on Wednesday. The firm’s fifty day simple moving average is $101.34 and its 200-day simple moving average is $120.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.30 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.68. Adtalem Global Education Inc. has a fifty-two week low of $86.26 and a fifty-two week high of $156.26.

Adtalem Global Education (NYSE:ATGE) last announced 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 net margin of 13.79% and a return on equity of 18.74%. The firm had revenue of $462.29 million during the quarter, compared to analysts’ expectations of $452.30 million. During the same quarter last year, the business earned $1.29 earnings per share. 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 expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education 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.