Nomura Holdings Inc. Increases Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Nomura Holdings Inc. lifted its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,317 shares of the company's stock after buying an additional 37,068 shares during the quarter. Nomura Holdings Inc. owned approximately 0.61% of Adtalem Global Education worth $20,561,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Boston Partners purchased a new position in Adtalem Global Education during the fourth quarter worth approximately $35,990,000. Neumeier Poma Investment Counsel LLC boosted its position in Adtalem Global Education by 59.2% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock worth $36,842,000 after purchasing an additional 150,835 shares in the last quarter. Norges Bank purchased a new position in Adtalem Global Education during the fourth quarter worth approximately $11,157,000. Balyasny Asset Management L.P. boosted its position in Adtalem Global Education by 799.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company's stock worth $11,826,000 after purchasing an additional 115,699 shares in the last quarter. Finally, Pier Capital LLC purchased a new position in Adtalem Global Education during the fourth quarter worth approximately $9,114,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATGE. Barrington Research increased their price target on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. BMO Capital Markets increased their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group initiated coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock traded up $4.24 during mid-day trading on Friday, reaching $134.64. 623,664 shares of the stock traded hands, compared to its average volume of 449,802. The business has a 50-day moving average of $106.95 and a 200 day moving average of $98.78. Adtalem Global Education Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $140.12. The stock has a market capitalization of $5.02 billion, a PE ratio of 25.07, 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 announced 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 business had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The business's revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education declared that its Board of Directors has approved a share buyback program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

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.