Bank of New York Mellon Corp Acquires 2,340 Shares of Adtalem Global Education Inc. $ATGE

Bank of New York Mellon Corp lifted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,316 shares of the company’s stock after buying an additional 2,340 shares during the period. Bank of New York Mellon Corp’s holdings in Adtalem Global Education were worth $33,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sachetta LLC bought a new position in shares of Adtalem Global Education during the 2nd quarter valued at $25,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Adtalem Global Education by 10,488.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company’s stock valued at $96,000 after acquiring an additional 944 shares during the period. Harbour Investments Inc. purchased a new position in Adtalem Global Education in the second quarter worth about $117,000. Public Employees Retirement System of Ohio raised its position in Adtalem Global Education by 100.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,471 shares of the company’s stock worth $187,000 after acquiring an additional 737 shares during the period. Finally, CWM LLC boosted its stake in shares of Adtalem Global Education by 167.2% during the 1st quarter. CWM LLC now owns 1,999 shares of the company’s stock worth $201,000 after acquiring an additional 1,251 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Down 0.5%

Shares of ATGE opened at $96.35 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. 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 Inc. has a 1 year low of $83.70 and a 1 year high of $156.26. The company has a 50 day simple moving average of $135.53 and a two-hundred day simple moving average of $127.83.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, October 30th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Adtalem Global Education’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. On average, equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. Weiss Ratings reaffirmed 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 target price on shares of Adtalem Global Education in a report on Friday, October 31st. Finally, BMO Capital Markets restated an “outperform” rating and set a $158.00 target price on shares of Adtalem Global Education in a research note 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 MarketBeat, Adtalem Global Education presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Insider Transactions at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the sale, the chief accounting officer directly owned 4,901 shares of the company’s stock, valued at approximately $664,918.67. The trade was a 16.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth J. Phelan bought 508 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average price of $98.29 per share, for a total transaction of $49,931.32. Following the completion of the transaction, 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 disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 57,713 shares of company stock worth $7,702,094. 2.50% of the stock is currently owned by company insiders.

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.