Principal Financial Group Inc. Buys 3,958 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Principal Financial Group Inc. boosted its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,582 shares of the company's stock after purchasing an additional 3,958 shares during the period. Principal Financial Group Inc. owned about 0.55% of Adtalem Global Education worth $20,589,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ATGE. Fifth Third Bancorp lifted its holdings in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the period. Arizona State Retirement System lifted its holdings in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after buying an additional 110 shares in the last quarter. US Bancorp DE grew its stake in Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after purchasing an additional 151 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after buying an additional 155 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Adtalem Global Education by 5.4% during the 4th quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock valued at $293,000 after acquiring an additional 165 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the transaction, the director owned 9,368 shares of the company's stock, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ATGE. BMO Capital Markets raised their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price on the stock. Barrington Research boosted their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

Adtalem Global Education Stock Down 1.0%

Shares of ATGE stock traded down $1.18 during trading on Friday, hitting $117.67. 283,943 shares of the company were exchanged, compared to its average volume of 446,907. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.06 and a beta of 0.90. The business's 50-day simple moving average is $125.52 and its 200 day simple moving average is $109.06. Adtalem Global Education Inc. has a twelve month low of $67.30 and a twelve month high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The firm's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

Adtalem Global Education Company 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.