Principal Financial Group Inc. cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 about 0.52% of Adtalem Global Education worth $14,610,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education during the third quarter worth approximately $27,000. Quarry LP purchased a new position in shares of Adtalem Global Education in the 2nd quarter worth $43,000. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 60.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company's stock worth $97,000 after buying an additional 483 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Adtalem Global Education in the third quarter valued at $123,000. Finally, Systematic Financial Management LP purchased a new stake in Adtalem Global Education during the third quarter valued at about $159,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now directly owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.
Adtalem Global Education Stock Down 1.3 %
Shares of ATGE traded down $1.24 during midday trading on Friday, reaching $90.87. 224,440 shares of the company were exchanged, compared to its average volume of 459,177. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93. The stock has a 50-day moving average price of $86.44 and a 200-day moving average price of $77.34. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.01 and a beta of 0.96.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same period in the previous year, the company posted $0.93 EPS. Adtalem Global Education's revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.
Wall Street Analyst Weigh In
ATGE has been the topic of a number of research reports. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Barrington Research increased their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th.
Get Our Latest Research Report on ATGE
About Adtalem Global Education
(
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.
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