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

Adtalem Global Education Inc. (NYSE:ATGE)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $141.77, but opened at $130.57. Adtalem Global Education shares last traded at $96.4730, with a volume of 143,464 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Barrington Research reissued an “outperform” rating and issued a $170.00 price objective on shares of Adtalem Global Education in a research report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Robert W. Baird set a $163.00 price objective on shares of Adtalem Global Education in a research report on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $158.00 price objective on shares of Adtalem Global Education in a research report on Friday. Four investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Adtalem Global Education Trading Down 29.9%

The firm has a market capitalization of $3.61 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86. The stock’s 50-day moving average price is $142.34 and its 200 day moving average price is $128.54. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, October 30th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $462.29 million for 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 company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction that occurred on 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 directly owned 4,901 shares of the company’s stock, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the transaction, the director directly owned 43,451 shares in the company, valued at approximately $5,752,043.38. This trade represents a 36.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 57,713 shares of company stock worth $7,702,094. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Adtalem Global Education

Several institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC increased its holdings in Adtalem Global Education by 10.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,638 shares of the company’s stock valued at $562,000 after buying an additional 359 shares during the period. James Investment Research Inc. increased its holdings in Adtalem Global Education by 30.5% during the third quarter. James Investment Research Inc. now owns 4,870 shares of the company’s stock valued at $752,000 after buying an additional 1,139 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in Adtalem Global Education by 41.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,837 shares of the company’s stock valued at $844,000 after buying an additional 1,699 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Adtalem Global Education by 96.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 428,966 shares of the company’s stock valued at $66,254,000 after buying an additional 210,709 shares during the period. Finally, CFC Planning Co LLC purchased a new position in Adtalem Global Education during the third quarter valued at approximately $263,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.