Adtalem Global Education Inc. (NYSE:ATGE) Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 7.1% during the 3rd quarter, HoldingsChannel reports. The firm 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 quarter.

Other institutional investors also recently modified their holdings of the company. Clear Creek Financial Management LLC lifted its stake in shares of Adtalem Global Education by 3.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock valued at $1,043,000 after purchasing an additional 439 shares during the last quarter. New York State Teachers Retirement System lifted its position in Adtalem Global Education by 1.2% during the 3rd quarter. New York State Teachers Retirement System now owns 54,154 shares of the company’s stock worth $4,088,000 after acquiring an additional 641 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Adtalem Global Education by 4.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after acquiring an additional 4,246 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in Adtalem Global Education during the 3rd quarter worth $209,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $87.19 on Friday. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 year high of $92.93. The firm’s 50 day moving average is $76.78 and its 200-day moving average is $71.77. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.02 and a beta of 0.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data 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 business had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same period in the prior year, the business posted $0.93 earnings per share. Adtalem Global Education’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. This represents a 18.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at approximately $355,888. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,110 shares of company stock valued at $6,074,681. Corporate insiders own 2.00% of the company’s stock.

About Adtalem Global Education

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.