JPMorgan Chase & Co. Trims Position in Adtalem Global Education Inc. $ATGE

JPMorgan Chase & Co. lessened its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 22.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,425 shares of the company’s stock after selling 49,830 shares during the quarter. JPMorgan Chase & Co.’s holdings in Adtalem Global Education were worth $22,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ATGE. Acadian Asset Management LLC lifted its stake 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 purchasing an additional 19,137 shares during the period. AQR Capital Management LLC lifted its position in Adtalem Global Education by 59.6% during the first quarter. AQR Capital Management LLC now owns 77,762 shares of the company’s stock valued at $7,695,000 after buying an additional 29,038 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Adtalem Global Education during the second quarter valued at $233,000. Informed Momentum Co LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter valued at $4,039,000. Finally, Raymond James Financial Inc. grew its position in shares of Adtalem Global Education by 116.4% in the 1st quarter. Raymond James Financial Inc. now owns 56,413 shares of the company’s stock worth $5,677,000 after buying an additional 30,350 shares during the period. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATGE. Weiss Ratings reissued a “buy (b)” rating on shares of Adtalem Global Education in a research report on Monday. BMO Capital Markets reiterated an “outperform” rating and set a $158.00 target price on shares of Adtalem Global Education in a report on Friday, October 31st. Wall Street Zen downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 20th. Zacks Research cut Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Barrington Research reissued an “outperform” rating and issued a $170.00 target price on shares of Adtalem Global Education in a research note on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $96.09 on Friday. The firm has a market cap of $3.49 billion, a P/E ratio of 14.38, a PEG ratio of 0.80 and a beta of 0.73. Adtalem Global Education Inc. has a twelve month low of $84.79 and a twelve month high of $156.26. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $121.96 and a 200 day moving average of $125.15.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, October 30th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. Adtalem Global Education had a return on equity of 18.74% and a net margin of 13.79%.The business had revenue of $462.29 million during the quarter, compared to analyst estimates of $452.30 million. During the same quarter last year, the company earned $1.29 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. As a group, research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Kenneth J. Phelan bought 508 shares of the stock in a transaction on Wednesday, November 5th. The shares were acquired at an average price of $98.29 per share, for a total transaction of $49,931.32. Following the purchase, the director owned 18,783 shares of the company’s stock, valued at approximately $1,846,181.07. The trade was a 2.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael W. Malafronte purchased 1,000 shares of Adtalem Global Education stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $91.85 per share, with a total value of $91,850.00. Following the completion of the purchase, the director directly owned 100,445 shares of the company’s stock, 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. 2.50% of the stock is currently owned by company insiders.

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.