Brevan Howard Capital Management LP Acquires 10,565 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Brevan Howard Capital Management LP grew its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 185.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,254 shares of the company's stock after purchasing an additional 10,565 shares during the quarter. Brevan Howard Capital Management LP's holdings in Adtalem Global Education were worth $1,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after purchasing an additional 110 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at approximately $379,000. Smith Group Asset Management LLC acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at about $614,000. Y Intercept Hong Kong Ltd acquired a new stake in Adtalem Global Education during the fourth quarter worth about $272,000. Finally, Raymond James Financial Inc. acquired a new position in Adtalem Global Education in the 4th quarter valued at about $2,368,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares of the company's stock, valued at $829,384.32. The trade was a 37.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

Shares of ATGE stock traded down $4.30 during midday trading on Monday, hitting $131.96. The company had a trading volume of 433,021 shares, compared to its average volume of 446,022. Adtalem Global Education Inc. has a 52-week low of $62.28 and a 52-week high of $144.25. 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 company's 50 day simple moving average is $103.25 and its 200 day simple moving average is $97.13. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The company had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter last year, the company earned $1.50 earnings per share. Adtalem Global Education's quarterly revenue was up 12.9% compared to the same quarter last year. Research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ATGE shares. BMO Capital Markets lifted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Barrington Research boosted their target price on Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price on the 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.