Nebula Research & Development LLC Invests $388,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Nebula Research & Development LLC bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,269 shares of the company's stock, valued at approximately $388,000.

Other hedge funds also recently bought and sold shares of the company. Boston Partners bought a new position in shares of Adtalem Global Education in the fourth quarter worth approximately $35,990,000. Neumeier Poma Investment Counsel LLC lifted its position in Adtalem Global Education by 59.2% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock valued at $36,842,000 after acquiring an additional 150,835 shares during the period. Norges Bank bought a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $11,157,000. Pier Capital LLC purchased a new position in shares of Adtalem Global Education in the 4th quarter worth about $9,114,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Adtalem Global Education by 1,907.5% during the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock valued at $8,729,000 after buying an additional 91,291 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Trading Up 6.9 %

ATGE traded up $7.38 during trading hours on Friday, reaching $114.62. 791,199 shares of the company's stock traded hands, compared to its average volume of 438,983. Adtalem Global Education Inc. has a 52-week low of $59.35 and a 52-week high of $114.71. The firm has a 50-day moving average price of $101.41 and a 200 day moving average price of $95.36. The firm has a market capitalization of $4.27 billion, a PE ratio of 21.34, a PEG ratio of 1.05 and a beta of 0.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (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%. As a group, sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna J. Hrinak sold 4,812 shares of the business'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 sale, the director now directly owns 8,032 shares in the company, valued at $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price on the stock. Finally, BMO Capital Markets raised 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.

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.