Prudential Financial Inc. Sells 20,863 Shares of Adtalem Global Education Inc. $ATGE

Prudential Financial Inc. lessened its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 14.1% in the second quarter, HoldingsChannel.com reports. The firm owned 127,431 shares of the company’s stock after selling 20,863 shares during the quarter. Prudential Financial Inc.’s holdings in Adtalem Global Education were worth $16,213,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Adtalem Global Education by 111.2% during the second quarter. American Century Companies Inc. now owns 148,776 shares of the company’s stock worth $18,929,000 after buying an additional 78,319 shares during the period. Journey Strategic Wealth LLC acquired a new position in Adtalem Global Education in the second quarter valued at $206,000. Franklin Resources Inc. boosted its position in Adtalem Global Education by 1,755.8% during the second quarter. Franklin Resources Inc. now owns 237,003 shares of the company’s stock valued at $30,154,000 after acquiring an additional 224,232 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Adtalem Global Education by 3.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 8,495 shares of the company’s stock worth $1,081,000 after acquiring an additional 300 shares during the period. Finally, EMC Capital Management bought a new position in shares of Adtalem Global Education in the 2nd quarter worth about $235,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 3.4%

Shares of Adtalem Global Education stock opened at $92.69 on Thursday. The stock has a market capitalization of $3.37 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. Adtalem Global Education Inc. has a 52 week low of $84.79 and a 52 week high of $156.26. The stock has a 50 day moving average price of $127.90 and a two-hundred day moving average price of $126.65. 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 (NYSE:ATGE) last issued its earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $462.29 million for the quarter, compared to analysts’ expectations of $452.30 million. During the same period last year, the business earned $1.29 EPS. Adtalem Global Education’s quarterly revenue 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. As a group, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Adtalem Global Education news, Director Kenneth J. Phelan bought 508 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average price of $98.29 per share, for a total transaction of $49,931.32. Following the acquisition, the director directly owned 18,783 shares of the company’s stock, valued at approximately $1,846,181.07. The trade was a 2.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Malafronte purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $91.85 per share, for a total transaction of $91,850.00. Following the transaction, the director owned 100,445 shares in the company, valued at $9,225,873.25. This represents a 1.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.50% of the stock is currently owned by company insiders.

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.