Louisiana State Employees Retirement System Lowers Stock Position in Adtalem Global Education Inc. $ATGE

Louisiana State Employees Retirement System lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 4.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 16,800 shares of the company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Adtalem Global Education were worth $2,137,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock valued at $173,000 after buying an additional 256 shares in the last quarter. Fifth Third Bancorp boosted its holdings 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 valued at $29,000 after buying an additional 104 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock valued at $258,000 after buying an additional 155 shares in the last quarter. Kendall Capital Management bought a new stake in shares of Adtalem Global Education in the 1st quarter valued at about $224,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Adtalem Global Education by 222.0% in the 1st quarter. Acadian Asset Management LLC now owns 27,758 shares of the company’s stock valued at $2,790,000 after buying an additional 19,137 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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 sale, the chief accounting officer owned 4,901 shares of the company’s stock, valued at $664,918.67. This trade represents a 16.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa W. Wardell sold 25,477 shares of Adtalem Global Education stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the completion of the sale, the director directly owned 43,451 shares in the company, valued at $5,752,043.38. This represents a 36.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,713 shares of company stock worth $7,702,094 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Adtalem Global Education in a research report on Wednesday. Zacks Research lowered shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Adtalem Global Education in a research report on Tuesday, September 23rd. Finally, 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. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.00.

Adtalem Global Education Stock Performance

ATGE opened at $142.51 on Friday. Adtalem Global Education Inc. has a 12-month low of $71.09 and a 12-month high of $155.39. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $5.18 billion, a PE ratio of 23.02, a P/E/G ratio of 1.24 and a beta of 0.86. The firm has a 50 day moving average of $136.03 and a two-hundred day moving average of $123.63.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. The business had revenue of $457.11 million for the quarter, compared to analysts’ expectations of $440.93 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 11.5% on a year-over-year basis. During the same quarter last year, the company earned $1.37 EPS. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. On average, analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education 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.