SG Capital Management LLC Sells 47,620 Shares of Adtalem Global Education Inc. $ATGE

SG Capital Management LLC lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 38.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,056 shares of the company’s stock after selling 47,620 shares during the quarter. Adtalem Global Education accounts for approximately 1.0% of SG Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. SG Capital Management LLC owned 0.21% of Adtalem Global Education worth $11,747,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Adtalem Global Education during the 2nd quarter worth about $28,000. Salomon & Ludwin LLC bought a new stake in Adtalem Global Education during the third quarter worth about $28,000. UMB Bank n.a. boosted its position in Adtalem Global Education by 79.7% during the third quarter. UMB Bank n.a. now owns 266 shares of the company’s stock valued at $41,000 after purchasing an additional 118 shares during the last quarter. Allworth Financial LP grew its stake in Adtalem Global Education by 82.9% in the second quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $44,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Adtalem Global Education by 727.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 356 shares of the company’s stock worth $45,000 after purchasing an additional 313 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of ATGE opened at $97.76 on Thursday. The company’s 50-day moving average is $106.14 and its 200-day moving average is $118.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $3.37 billion, a PE ratio of 14.36, a PEG ratio of 0.81 and a beta of 0.71. Adtalem Global Education Inc. has a fifty-two week low of $86.26 and a fifty-two week high of $156.26.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATGE. Weiss Ratings downgraded Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $138.00 price target on shares of Adtalem Global Education in a research note on Friday, January 30th. Robert W. Baird set a $163.00 price objective on shares of Adtalem Global Education in a research report on Friday, October 31st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.50.

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.