Adtalem Global Education Inc. $ATGE Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 8.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,734 shares of the company’s stock after selling 6,673 shares during the quarter. Teacher Retirement System of Texas owned 0.19% of Adtalem Global Education worth $8,999,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ATGE. Lord Abbett & CO. LLC purchased a new stake in Adtalem Global Education during the first quarter valued at about $40,829,000. Goldman Sachs Group Inc. lifted its stake in Adtalem Global Education by 124.3% during the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock valued at $70,350,000 after buying an additional 387,330 shares in the last quarter. Allianz Asset Management GmbH lifted 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 valued at $41,206,000 after buying an additional 150,702 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in Adtalem Global Education during the first quarter valued at about $10,912,000. Finally, Assenagon Asset Management S.A. lifted its stake in Adtalem Global Education by 274.8% during the second quarter. Assenagon Asset Management S.A. now owns 142,111 shares of the company’s stock valued at $18,081,000 after buying an additional 104,194 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATGE has been the subject of a number of analyst reports. Barrington Research upped their price objective on shares of Adtalem Global Education from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Four 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 target price of $145.67.

Adtalem Global Education Price Performance

NYSE ATGE opened at $140.74 on Thursday. The company has a 50 day simple moving average of $142.89 and a 200-day simple moving average of $128.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.33 and a beta of 0.86. Adtalem Global Education Inc. has a 52-week low of $73.65 and a 52-week high of $156.26.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. The business had revenue of $457.11 million during the quarter, compared to analyst estimates of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. Equities research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 25,477 shares of the firm’s 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 transaction, the director owned 43,451 shares of the company’s stock, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of the firm’s 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 transaction, the chief accounting officer directly owned 4,901 shares in the company, valued at approximately $664,918.67. The trade was a 16.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,713 shares of company stock worth $7,702,094. 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.