Principal Financial Group Inc. lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,555 shares of the company's stock after selling 14,857 shares during the quarter. Principal Financial Group Inc. owned about 0.51% of Adtalem Global Education worth $14,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of Adtalem Global Education by 7,430.0% in the first quarter. Covestor Ltd now owns 753 shares of the company's stock worth $38,000 after purchasing an additional 743 shares during the last quarter. Quarry LP acquired a new stake in Adtalem Global Education in the 2nd quarter valued at $43,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Adtalem Global Education during the first quarter worth about $53,000. GAMMA Investing LLC lifted its stake in Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company's stock valued at $55,000 after buying an additional 433 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Adtalem Global Education during the 1st quarter worth approximately $56,000. 98.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ATGE. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Barrington Research increased their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.
Check Out Our Latest Research Report on ATGE
Adtalem Global Education Stock Performance
Shares of ATGE opened at $87.19 on Friday. The stock has a 50-day simple moving average of $76.78 and a 200-day simple moving average of $71.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 year high of $92.93. The stock has a market capitalization of $3.27 billion, a PE ratio of 19.95, a PEG ratio of 1.02 and a beta of 0.95.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.93 EPS. On average, analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.
Insider Buying and Selling at Adtalem Global Education
In other news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the sale, the chief accounting officer now owns 4,720 shares in the company, valued at $355,888. This trade represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,110 shares of company stock worth $6,074,681. 2.00% of the stock is currently owned by insiders.
Adtalem Global Education Company Profile
(
Free Report)
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.
See Also
Before you consider Adtalem Global Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adtalem Global Education wasn't on the list.
While Adtalem Global Education currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
