Adtalem Global Education (NYSE:ATGE) Shares Gap Down – Here’s Why

Adtalem Global Education Inc. (NYSE:ATGE) shares gapped down prior to trading on Wednesday . The stock had previously closed at $105.68, but opened at $98.76. Adtalem Global Education shares last traded at $98.7450, with a volume of 5,768 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird set a $163.00 price objective on Adtalem Global Education in a research report on Friday, October 31st. Weiss Ratings downgraded shares of Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. BMO Capital Markets reiterated an “outperform” rating and set a $138.00 price objective on shares of Adtalem Global Education in a research note on Friday. Finally, Barrington Research restated an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.50.

Adtalem Global Education Trading Up 1.3%

The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $105.09 and a 200 day simple moving average of $119.76. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.90 and a beta of 0.71.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Wednesday, January 28th. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.24. Adtalem Global Education had a net margin of 13.41% and a return on equity of 20.24%. The firm had revenue of $503.39 million for the quarter, compared to analyst estimates of $488.72 million. During the same quarter in the prior year, the business earned $1.81 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Adtalem Global Education

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its holdings in Adtalem Global Education by 124.3% in 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. Arrowstreet Capital Limited Partnership boosted its stake in Adtalem Global Education by 2.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 673,312 shares of the company’s stock worth $103,993,000 after purchasing an additional 12,879 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Adtalem Global Education by 444.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 605,137 shares of the company’s stock valued at $90,940,000 after acquiring an additional 494,058 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Adtalem Global Education by 70.3% in the 3rd quarter. Fisher Asset Management LLC now owns 571,485 shares of the company’s stock worth $88,266,000 after acquiring an additional 235,880 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Adtalem Global Education by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 559,416 shares of the company’s stock valued at $86,402,000 after purchasing an additional 4,502 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Company Profile

Adtalem Global Education (NYSE:ATGE) is a leading provider of postsecondary education and professional development solutions. Through a network of brands and institutions, the company delivers degree programs and continuing education in high-demand fields such as healthcare, business, technology and the sciences. Adtalem’s offerings span campus-based and online formats, catering to diverse learner needs and career stages.

The company’s portfolio includes Chamberlain University, which specializes in nursing and healthcare; Carrington College, offering career-focused programs in allied health, business and trades; Walden University, a fully online institution for graduate and undergraduate degrees; and a suite of medical and veterinary schools, including Ross University School of Medicine and Ross University School of Veterinary Medicine, both located in the Caribbean.