Profund Advisors LLC Makes New Investment in Adtalem Global Education Inc. $ATGE

Profund Advisors LLC bought a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,804 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Adtalem Global Education by 377.1% during the first quarter. Envestnet Asset Management Inc. now owns 12,294 shares of the company’s stock valued at $1,237,000 after buying an additional 9,717 shares during the period. Cerity Partners LLC increased its holdings in shares of Adtalem Global Education by 17.0% in the first quarter. Cerity Partners LLC now owns 7,004 shares of the company’s stock worth $705,000 after purchasing an additional 1,019 shares during the period. Xponance Inc. raised its position 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. CWM LLC boosted its stake in Adtalem Global Education by 167.2% during the first quarter. CWM LLC now owns 1,999 shares of the company’s stock valued at $201,000 after buying an additional 1,251 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Adtalem Global Education by 62.4% during the first quarter. Victory Capital Management Inc. now owns 54,365 shares of the company’s stock valued at $5,471,000 after buying an additional 20,896 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 25,477 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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. This represents a 16.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 57,713 shares of company stock valued at $7,702,094. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on ATGE shares. Wall Street Zen cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $158.00 target price on shares of Adtalem Global Education in a research report on Friday, October 31st. Barrington Research restated an “outperform” rating and set a $170.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Adtalem Global Education in a research note on Thursday. Finally, Robert W. Baird set a $163.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Adtalem Global Education currently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $96.43 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $134.77 and its two-hundred day simple moving average is $127.90. The firm has a market cap of $3.50 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. Adtalem Global Education Inc. has a 12-month low of $83.70 and a 12-month high of $156.26.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $452.30 million. During the same quarter in the previous year, the business earned $1.29 EPS. Adtalem Global Education’s 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 expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.