Principal Financial Group Inc. Acquires 7,069 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Principal Financial Group Inc. grew its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,624 shares of the company’s stock after buying an additional 7,069 shares during the period. Principal Financial Group Inc.’s holdings in Adtalem Global Education were worth $18,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ATGE. Quantinno Capital Management LP grew its position in Adtalem Global Education by 4.3% in the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock worth $231,000 after acquiring an additional 126 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after purchasing an additional 177 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Adtalem Global Education by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after purchasing an additional 192 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $26,000. Finally, Ritholtz Wealth Management increased its position in shares of Adtalem Global Education by 1.6% during the 4th quarter. Ritholtz Wealth Management now owns 21,247 shares of the company’s stock valued at $1,930,000 after purchasing an additional 329 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adtalem Global Education

In related 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 value of $361,560.00. Following the completion of the sale, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,997 shares of company stock valued at $1,747,608 in the last three months. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets raised their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Barrington Research raised their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Adtalem Global Education Price Performance

ATGE opened at $98.14 on Tuesday. The business has a fifty day moving average of $98.01 and a 200 day moving average of $85.73. The stock has a market cap of $3.66 billion, a P/E ratio of 18.28, a PEG ratio of 1.13 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 52-week low of $45.18 and a 52-week high of $112.43.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current 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.