Nomura Asset Management Co. Ltd. Boosts Position in Adtalem Global Education Inc. (NYSE:ATGE)

by · The Cerbat Gem

Nomura Asset Management Co. Ltd. grew its position in Adtalem Global Education Inc. (NYSE:ATGE – Free Report) by 558.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,766 shares of the company’s stock after purchasing an additional 2,346 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Adtalem Global Education were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ATGE. New Age Alpha Advisors LLC purchased a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $178,000. Norges Bank purchased a new position in Adtalem Global Education during the fourth quarter worth $11,157,000. Neumeier Poma Investment Counsel LLC raised its holdings in shares of Adtalem Global Education by 59.2% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company’s stock worth $36,842,000 after acquiring an additional 150,835 shares during the last quarter. Trust Investment Advisors acquired a new stake in shares of Adtalem Global Education during the fourth quarter valued at $237,000. Finally, Pier Capital LLC purchased a new stake in Adtalem Global Education during the 4th quarter worth about $9,114,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by insiders.

Adtalem Global Education Stock Down 4.5 %

ATGE opened at $100.98 on Friday. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The business has a 50-day moving average of $101.05 and a two-hundred day moving average of $90.55. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ATGE. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, Barrington Research lifted their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

Read Our Latest Research Report on Adtalem Global Education

Adtalem Global Education Profile

(Free Report)

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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