Trek Financial LLC Purchases 32,234 Shares of Adtalem Global Education Inc. $ATGE

Trek Financial LLC grew its position in Adtalem Global Education Inc. (NYSE:ATGE) by 996.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,468 shares of the company’s stock after buying an additional 32,234 shares during the period. Trek Financial LLC’s holdings in Adtalem Global Education were worth $4,513,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in Adtalem Global Education by 1.5% in the second quarter. Quadrant Capital Group LLC now owns 5,878 shares of the company’s stock valued at $748,000 after acquiring an additional 88 shares during the last quarter. US Bancorp DE raised its holdings in Adtalem Global Education by 3.9% during the 1st quarter. US Bancorp DE now owns 3,414 shares of the company’s stock worth $344,000 after purchasing an additional 129 shares during the last quarter. Moran Wealth Management LLC lifted its position in Adtalem Global Education by 2.6% during the 2nd quarter. Moran Wealth Management LLC now owns 5,326 shares of the company’s stock valued at $678,000 after purchasing an additional 135 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Adtalem Global Education by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,511 shares of the company’s stock valued at $319,000 after purchasing an additional 139 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Adtalem Global Education by 82.9% in the 2nd quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $44,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ATGE shares. Robert W. Baird set a $163.00 price target on shares of Adtalem Global Education in a research note on Friday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $158.00 target price on shares of Adtalem Global Education in a report on Friday, October 31st. Zacks Research downgraded Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings restated a “buy (b)” rating on shares of Adtalem Global Education in a research report on Monday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Adtalem Global Education in a research note on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Adtalem Global Education Price Performance

Shares of ATGE opened at $94.23 on Wednesday. The stock has a 50 day simple moving average of $124.01 and a 200 day simple moving average of $125.57. Adtalem Global Education Inc. has a 52-week low of $84.79 and a 52-week high of $156.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $3.42 billion, a PE ratio of 14.11, a P/E/G ratio of 0.80 and a beta of 0.73.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The firm 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 13.79% and a return on equity of 18.74%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kenneth J. Phelan bought 508 shares of the stock in a transaction 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 acquisition, the director owned 18,783 shares in the company, valued at approximately $1,846,181.07. This trade represents a 2.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael W. Malafronte purchased 1,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average cost of $91.85 per share, for a total transaction of $91,850.00. Following the purchase, the director directly owned 100,445 shares in the company, valued at approximately $9,225,873.25. This trade represents a 1.01% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.

About Adtalem Global Education

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.