JPMorgan Chase & Co. Lowers Stock Holdings in Adtalem Global Education Inc. $ATGE

JPMorgan Chase & Co. reduced its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 22.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,425 shares of the company's stock after selling 49,830 shares during the quarter. JPMorgan Chase & Co. owned about 0.49% of Adtalem Global Education worth $22,192,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sachetta LLC bought a new position in Adtalem Global Education in the 2nd quarter valued at $25,000. Penserra Capital Management LLC purchased a new stake in shares of Adtalem Global Education in the second quarter worth $28,000. Allworth Financial LP boosted its stake in Adtalem Global Education by 82.9% during the second quarter. Allworth Financial LP now owns 342 shares of the company's stock valued at $44,000 after buying an additional 155 shares during the period. SBI Securities Co. Ltd. grew its position in Adtalem Global Education by 727.9% during the second quarter. SBI Securities Co. Ltd. now owns 356 shares of the company's stock worth $45,000 after buying an additional 313 shares in the last quarter. Finally, Harbour Investments Inc. purchased a new position in Adtalem Global Education during the second quarter worth about $117,000. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

ATGE stock opened at $96.09 on Friday. The firm has a market cap of $3.49 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.80 and a beta of 0.73. The firm's fifty day moving average is $121.96 and its 200 day moving average is $125.15. 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.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $462.29 million during 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 company's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.90 EPS. Research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on ATGE

Insider Activity at Adtalem Global Education

In other news, Director Kenneth J. Phelan purchased 508 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average cost of $98.29 per share, for a total transaction of $49,931.32. Following the acquisition, the director directly owned 18,783 shares of the company's stock, valued at $1,846,181.07. This represents a 2.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael W. Malafronte purchased 1,000 shares of the business'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 acquisition, the director owned 100,445 shares in the company, valued at approximately $9,225,873.25. The trade was a 1.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.50% of the company's stock.

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.

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