Adtalem Global Education’s (ATGE) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their buy (b) rating on shares of Adtalem Global Education (NYSE:ATGE) in a research note published on Wednesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on the stock. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. Barrington Research restated an “outperform” rating and set a $150.00 price target on shares of Adtalem Global Education in a research note on Tuesday, September 23rd. Finally, Zacks Research lowered shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Adtalem Global Education presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $142.51 on Wednesday. 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 has a fifty-two week low of $71.09 and a fifty-two week high of $155.39. The stock has a market cap of $5.18 billion, a PE ratio of 23.02, a PEG ratio of 1.24 and a beta of 0.86. The firm’s fifty day moving average price is $136.03 and its two-hundred day moving average price is $123.63.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $457.11 million for the quarter, compared to analysts’ expectations of $440.93 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Adtalem Global Education’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. On average, equities analysts expect that Adtalem Global Education will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Manjunath Gangadharan sold 944 shares of the business’s 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 transaction, the chief accounting officer owned 4,901 shares in the company, valued at $664,918.67. The trade was a 16.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 25,477 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the sale, the director directly owned 43,451 shares in the company, valued at $5,752,043.38. The trade was a 36.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,713 shares of company stock worth $7,702,094. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adtalem Global Education

A number of hedge funds and other institutional investors have recently modified their holdings of ATGE. Toth Financial Advisory Corp bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth about $708,000. Redhawk Wealth Advisors Inc. acquired a new stake in Adtalem Global Education during the 3rd quarter valued at approximately $2,134,000. Assenagon Asset Management S.A. increased its holdings in shares of Adtalem Global Education by 15.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 164,435 shares of the company’s stock valued at $25,397,000 after purchasing an additional 22,324 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Adtalem Global Education by 1.0% in the 2nd quarter. Corient Private Wealth LLC now owns 97,140 shares of the company’s stock worth $12,359,000 after acquiring an additional 990 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Adtalem Global Education by 66.3% during the second quarter. Osaic Holdings Inc. now owns 25,986 shares of the company’s stock worth $3,306,000 after buying an additional 10,357 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

About Adtalem Global Education

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.