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

Principal Financial Group Inc. cut its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,555 shares of the company’s stock after selling 14,857 shares during the quarter. Principal Financial Group Inc. owned 0.52% of Adtalem Global Education worth $14,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ATGE. Quantinno Capital Management LP lifted its holdings in Adtalem Global Education by 4.3% in the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after acquiring an additional 126 shares during the period. Glenmede Trust Co. NA increased its position in shares of Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after purchasing an additional 192 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Adtalem Global Education by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after purchasing an additional 283 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Adtalem Global Education in the third quarter worth approximately $27,000. Finally, Clear Creek Financial Management LLC grew its position in Adtalem Global Education by 3.3% during the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock valued at $1,043,000 after buying an additional 439 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Adtalem Global Education Stock Down 1.3 %

Shares of ATGE stock opened at $90.87 on Friday. 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 one year low of $43.78 and a one year high of $92.93. The company’s fifty day moving average price is $86.44 and its 200-day moving average price is $77.34. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.01 and a beta of 0.96.

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

Insider Buying and Selling

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

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.