Key Points
- Kenneth Phelan, a director at Adtalem Global Education, purchased 508 shares at an average price of $98.29, increasing his ownership to 18,783 shares, valued at approximately $1.8 million.
- Adtalem reported a 10.8% increase in revenue year-over-year and earnings per share (EPS) of $1.75, surpassing analysts' expectations of $1.57.
- The stock has a market capitalization of $3.55 billion and is currently rated as a "Moderate Buy" by analysts with an average target price of $156.50.
Adtalem Global Education Inc. (NYSE:ATGE - Get Free Report) Director Kenneth Phelan bought 508 shares of the business's stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average cost of $98.29 per share, with a total value of $49,931.32. Following the completion of the purchase, the director directly owned 18,783 shares of the company's stock, valued at $1,846,181.07. This represents a 2.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Adtalem Global Education Stock Performance
Shares of NYSE:ATGE opened at $97.70 on Thursday. Adtalem Global Education Inc. has a 52 week low of $83.70 and a 52 week high of $156.26. The stock has a market capitalization of $3.55 billion, a P/E ratio of 15.78, a PEG ratio of 1.22 and a beta of 0.81. The firm has a fifty day simple moving average of $139.94 and a two-hundred day simple moving average of $128.31. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.18. The firm had revenue of $462.29 million during the quarter, compared to analyst estimates of $452.30 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The business's revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. On average, analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.
Institutional Trading of Adtalem Global Education
Several institutional investors and hedge funds have recently bought and sold shares of the business. MorganRosel Wealth Management LLC lifted its stake in Adtalem Global Education by 0.9% during the 3rd quarter. MorganRosel Wealth Management LLC now owns 9,298 shares of the company's stock valued at $1,436,000 after acquiring an additional 84 shares during the period. Quadrant Capital Group LLC lifted its stake in Adtalem Global Education by 1.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,878 shares of the company's stock valued at $748,000 after acquiring an additional 88 shares during the period. Nisa Investment Advisors LLC lifted its stake in Adtalem Global Education by 13.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 950 shares of the company's stock valued at $147,000 after acquiring an additional 113 shares during the period. UMB Bank n.a. lifted its stake in Adtalem Global Education by 79.7% during the 3rd quarter. UMB Bank n.a. now owns 266 shares of the company's stock valued at $41,000 after acquiring an additional 118 shares during the period. Finally, Keeler Thomas Management LLC lifted its stake in Adtalem Global Education by 1.1% during the 3rd quarter. Keeler Thomas Management LLC now owns 11,141 shares of the company's stock valued at $1,721,000 after acquiring an additional 122 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on ATGE shares. Barrington Research reiterated an "outperform" rating and set a $170.00 price objective on shares of Adtalem Global Education in a report on Friday, October 31st. Weiss Ratings restated a "buy (b)" rating on shares of Adtalem Global Education in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. Robert W. Baird set a $163.00 target price on shares of Adtalem Global Education in a research report on Friday, October 31st. Finally, Zacks Research downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Adtalem Global Education presently has a consensus rating of "Moderate Buy" and an average target price of $156.50.
Read Our Latest Report on Adtalem Global Education
Adtalem Global Education Company Profile
(
Get Free Report)
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.
Further Reading
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