Principal Financial Group Inc. Reduces Equity Position in Adtalem Global Education Inc. (NYSE:ATGE)


Principal Financial Group Inc. reduced its stake in Adtalem Global Education Inc. (NYSE:ATGEGet a rating) by 0.9% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 328,545 shares of the company after selling 2,826 shares during the quarter. Principal Financial Group Inc. owned approximately 0.66% of Adtalem Global Education worth $9,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also been buying and selling stocks recently. Bridgewater Associates LP increased its stake in shares of Adtalem Global Education by 35.5% during the 4th quarter. Bridgewater Associates LP now owns 115,572 shares of the company valued at $3,416,000 after purchasing an additional 30,249 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Adtalem Global Education by 369.2% during the 4th quarter. Bank of America Corp DE now owns 735,211 shares of the company valued at $21,733,000 after purchasing an additional 578,513 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Adtalem Global Education during Q4, valued at approximately $57,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Adtalem Global Education by 4.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,065,236 shares of the company valued at $31,488,000 after purchasing an additional 48,637 shares in the last quarter. Finally, Oak Family Advisors LLC increased its stake in shares of Adtalem Global Education by 32.7% during the 1st quarter. Oak Family Advisors LLC now owns 16,224 shares of the company valued at $482,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s shares.

Insiders place their bets

Separately, director William V. Krehbiel purchased 10,000 shares of the company in a transaction on Tuesday, June 14. The shares were purchased at an average cost of $31.67 per share, with a total value of $316,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company, valued at $316,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this link. 2.75% of the shares are held by company insiders.

Adtalem Global Education share performance

Shares of ATGE opened at $39.74 on Thursday. The company’s fifty-day moving average price is $37.53 and its 200-day moving average price is $31.65. Adtalem Global Education Inc. has a 12 month minimum of $19.14 and a 12 month maximum of $40.60. The stock has a market capitalization of $1.80 billion, a PE ratio of 6.15, a price-to-growth earnings ratio of 0.64 and a beta of 1.02. The company has a debt ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

Adtalem Global Education (NYSE:ATGEGet a rating) last reported quarterly earnings data on Thursday, August 11. The company reported earnings per share (EPS) of $1.31 for the quarter, beating the consensus estimate of $1.25 by $0.06. Adtalem Global Education achieved a return on equity of 12.38% and a net margin of 21.97%. The company posted revenue of $361.23 million for the quarter, compared to $348.90 million expected by analysts. During the same period last year, the company posted earnings per share of $0.70. The company’s revenue for the quarter increased 61.6% on an annual basis. Equity research analysts expect Adtalem Global Education Inc. to post EPS of 4.08 for the current year.

Changes to analyst ratings

Several equity analysts have recently commented on the ATGE share. Robert W. Baird raised his target price on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 research note. Barrington Research raised its price target on Adtalem Global Education from $40.00 to $46.00 and gave the stock an “outperform” rating in a Friday, August 12 research note.

Adtalem Global Education Company Profile

(Get a rating)

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

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Institutional ownership by quarter for Adtalem Global Education (NYSE:ATGE)



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