Principal Financial Group Inc. Sells 15,299 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Principal Financial Group Inc. trimmed its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,634 shares of the company’s stock after selling 15,299 shares during the quarter. Principal Financial Group Inc.’s holdings in Adtalem Global Education were worth $12,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its position in shares of Adtalem Global Education by 14.8% in the 4th quarter. QRG Capital Management Inc. now owns 5,799 shares of the company’s stock valued at $342,000 after buying an additional 747 shares during the last quarter. Versor Investments LP bought a new stake in shares of Adtalem Global Education in the 4th quarter valued at $389,000. TimesSquare Capital Management LLC bought a new stake in Adtalem Global Education in the fourth quarter valued at $18,341,000. Los Angeles Capital Management LLC acquired a new position in Adtalem Global Education during the 4th quarter worth approximately $687,000. Finally, Natixis Advisors L.P. acquired a new position in shares of Adtalem Global Education during the fourth quarter worth approximately $628,000. 98.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ATGE. Barrington Research upped their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird increased their price objective on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 946 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $65.75, for a total transaction of $62,199.50. Following the sale, the chief accounting officer now owns 6,040 shares in the company, valued at $397,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $65.50 on Friday. The stock’s 50-day simple moving average is $54.13 and its 200 day simple moving average is $54.66. Adtalem Global Education Inc. has a 52-week low of $33.59 and a 52-week high of $67.69. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 0.76.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.34. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The firm had revenue of $412.70 million for the quarter, compared to analysts’ expectations of $391.68 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts forecast that Adtalem Global Education Inc. will post 4.9 EPS for the current fiscal year.

Adtalem Global Education 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.