VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 8,700 Adtalem Global Education Inc. $ATGE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,700 shares of the company’s stock, valued at approximately $1,107,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Adtalem Global Education by 1.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company’s stock worth $1,196,000 after buying an additional 129 shares in the last quarter. US Bancorp DE lifted its stake in shares of Adtalem Global Education by 3.9% in the first quarter. US Bancorp DE now owns 3,414 shares of the company’s stock worth $344,000 after buying an additional 129 shares in the last quarter. Moran Wealth Management LLC lifted its stake in shares of Adtalem Global Education by 2.6% in the second quarter. Moran Wealth Management LLC now owns 5,326 shares of the company’s stock worth $678,000 after buying an additional 135 shares in the last quarter. Xponance Inc. lifted its stake in shares of Adtalem Global Education by 5.2% in the first quarter. Xponance Inc. now owns 3,040 shares of the company’s stock worth $306,000 after buying an additional 151 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in shares of Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock worth $258,000 after buying an additional 155 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

Shares of ATGE opened at $152.92 on Friday. Adtalem Global Education Inc. has a 1-year low of $71.70 and a 1-year high of $155.39. The stock has a market cap of $5.56 billion, a PE ratio of 24.70, a P/E/G ratio of 1.31 and a beta of 0.86. The firm has a 50-day simple moving average of $141.19 and a two-hundred day simple moving average of $126.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82.

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. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The business had revenue of $457.11 million during the quarter, compared to analysts’ expectations of $440.93 million. During the same period last year, the business earned $1.37 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. Barrington Research lifted their target price 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, October 15th. Finally, Zacks Research downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.67.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the completion of the sale, the chief accounting officer directly owned 4,901 shares in the company, valued at $664,918.67. This trade represents a 16.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the director owned 43,451 shares of the company’s stock, valued at $5,752,043.38. This trade represents a 36.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,713 shares of company stock valued at $7,702,094. Company insiders own 2.50% of the company’s stock.

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.