Triumph Capital Management Cuts Stock Position in Adtalem Global Education Inc. $ATGE

Triumph Capital Management lowered its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 15.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,944 shares of the company’s stock after selling 537 shares during the quarter. Triumph Capital Management’s holdings in Adtalem Global Education were worth $375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after buying an additional 104 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Adtalem Global Education in the 1st quarter worth $31,000. USA Financial Formulas raised its holdings in Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company’s stock worth $89,000 after purchasing an additional 606 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Adtalem Global Education by 10,488.9% during 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. Finally, GAMMA Investing LLC raised its holdings in Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock valued at $173,000 after acquiring an additional 256 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ATGE. Zacks Research lowered Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Barrington Research boosted their target price on Adtalem Global Education from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Adtalem Global Education has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Insider Activity at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education 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 completion of the sale, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lisa W. Wardell sold 25,477 shares of the business’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 completion of the transaction, the director directly owned 43,451 shares of the company’s stock, valued at $5,752,043.38. This trade represents a 36.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,713 shares of company stock valued at $7,702,094 in the last ninety days. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

Adtalem Global Education stock opened at $135.49 on Wednesday. The company has a 50 day moving average price of $125.12 and a 200-day moving average price of $117.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. Adtalem Global Education Inc. has a fifty-two week low of $71.09 and a fifty-two week high of $140.12. The company has a market capitalization of $4.87 billion, a PE ratio of 21.89, a P/E/G ratio of 1.17 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.15. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm had revenue of $457.11 million during the quarter, compared to the consensus estimate of $440.93 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, equities analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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.