Candriam S.C.A. Grows Position in Adtalem Global Education Inc. $ATGE

Candriam S.C.A. boosted its position in Adtalem Global Education Inc. (NYSE:ATGE) by 4.1% during the 2nd quarter, Holdings Channel reports. The fund owned 62,941 shares of the company’s stock after acquiring an additional 2,453 shares during the quarter. Candriam S.C.A.’s holdings in Adtalem Global Education were worth $8,008,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ATGE. Police & Firemen s Retirement System of New Jersey increased its position in shares of Adtalem Global Education by 6.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,463 shares of the company’s stock worth $1,077,000 after purchasing an additional 487 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Adtalem Global Education by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,511 shares of the company’s stock worth $319,000 after buying an additional 139 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in Adtalem Global Education during the second quarter worth approximately $265,000. denkapparat Operations GmbH lifted its stake in Adtalem Global Education by 12.1% in the second quarter. denkapparat Operations GmbH now owns 2,958 shares of the company’s stock valued at $376,000 after buying an additional 320 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Adtalem Global Education by 727.9% in the second quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock valued at $45,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Adtalem Global Education in a research report on Thursday. Barrington Research reissued an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a research report on Friday, October 31st. Robert W. Baird set a $163.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Zacks Research cut shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $158.00 price target on shares of Adtalem Global Education in a report on Friday, October 31st. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Kenneth J. Phelan bought 508 shares of the company’s stock in a transaction 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 transaction, the director owned 18,783 shares of the company’s stock, valued at approximately $1,846,181.07. This trade represents a 2.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,713 shares of company stock worth $7,702,094 over the last quarter. 2.50% of the stock is owned by company insiders.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $96.43 on Friday. The stock has a market capitalization of $3.50 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.22 and a beta of 0.82. 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 Inc. has a 1 year low of $83.70 and a 1 year high of $156.26. The company’s fifty day moving average is $134.77 and its two-hundred day moving average is $127.76.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, October 30th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The company 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 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. On average, sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education Company 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.