Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. reduced its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 7.1% in Q3, now holding 193,555 shares. Other hedge funds have also adjusted their positions. Adtalem's stock opened at $0.19, with a market cap of $1.27 billion. The company reported Q3 earnings of $0.29 per share, exceeding estimates. Analysts have set new price targets, with Barrington Research upgrading its rating to "outperform." Insiders sold 81,110 shares in the last quarter, representing a 2.00% ownership by insiders.
Principal Financial Group Inc. trimmed its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,555 shares of the company's stock after selling 14,857 shares during the period. Principal Financial Group Inc. owned 0.51% of Adtalem Global Education worth $14,610,000 at the end of the most recent reporting period.
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A number of other hedge funds have also bought and sold shares of ATGE. Covestor Ltd grew its stake in 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 in the last quarter. Quarry LP acquired a new position in Adtalem Global Education in the second quarter worth about $43,000. DekaBank Deutsche Girozentrale acquired a new position in Adtalem Global Education in the first quarter worth about $53,000. GAMMA Investing LLC lifted its holdings in Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after acquiring an additional 433 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Adtalem Global Education in the first quarter worth about $56,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Adtalem Global Education Stock Performance
ATGE opened at $87.19 on Friday. The business's 50 day moving average is $76.78 and its 200-day moving average is $71.77. The stock has a market cap of $3.27 billion, a PE ratio of 19.95, a price-to-earnings-growth 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 Inc. has a twelve month low of $43.78 and a twelve month high of $92.93.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. The company 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 revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.
Analysts Set New Price Targets
ATGE has been the topic of a number of recent research reports. Barrington Research raised their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th.
View Our Latest Stock Analysis on ATGE
Insider Activity at Adtalem Global Education
In related news, CAO Manjunath Gangadharan sold 944 shares of the firm's 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa W. Wardell sold 24,637 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 105,085 shares in the company, valued at $7,944,426. This represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,110 shares of company stock worth $6,074,681 over the last quarter. 2.00% of the stock is currently owned by company 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.
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