Principal Financial Group Inc. Sells 14,857 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Principal Financial Group Inc. reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 7.1% in the third quarter, Holdings Channel reports. The fund owned 193,555 shares of the company’s stock after selling 14,857 shares during the quarter. Principal Financial Group Inc.’s holdings in Adtalem Global Education were worth $14,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in Adtalem Global Education by 111.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 97,511 shares of the company’s stock worth $6,651,000 after acquiring an additional 51,287 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Adtalem Global Education during the 2nd quarter valued at $300,000. Ritholtz Wealth Management raised its holdings in Adtalem Global Education by 16.4% during the 2nd quarter. Ritholtz Wealth Management now owns 17,786 shares of the company’s stock valued at $1,213,000 after buying an additional 2,506 shares during the period. Versor Investments LP lifted its position in Adtalem Global Education by 63.0% in the second quarter. Versor Investments LP now owns 16,300 shares of the company’s stock worth $1,112,000 after buying an additional 6,300 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in Adtalem Global Education during the second quarter worth $1,415,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATGE has been the subject of several analyst reports. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research upped their target price on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Adtalem Global Education Trading Down 1.3 %

ATGE stock opened at $90.87 on Friday. The company has a market capitalization of $3.41 billion, a PE ratio of 20.79, a P/E/G ratio of 1.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Adtalem Global Education Inc. has a 12 month low of $43.78 and a 12 month high of $92.93. The firm’s 50-day moving average is $86.44 and its 200 day moving average is $77.34.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. On average, research analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Insiders Place Their Bets

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Company 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.