Farley Capital Ii buys $31.3 Million stake in DeVry Education Group Inc (DV)

DeVry Education Group Inc (DV) : Farley Capital Ii scooped up 312,319 additional shares in DeVry Education Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,634,758 shares of DeVry Education Group Inc which is valued at $31.3 Million.DeVry Education Group Inc makes up approximately 44.31% of Farley Capital Ii’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in DV in the latest quarter, The investment management firm added 85,642 additional shares and now holds a total of 213,880 shares of DeVry Education Group Inc which is valued at $4.1 Million. DeVry Education Group Inc makes up approx 0.01% of Citadel Advisors’s portfolio. Meeder Asset Management Inc added DV to its portfolio by purchasing 22,320 company shares during the most recent quarter which is valued at $427,874. DeVry Education Group Inc makes up approx 0.04% of Meeder Asset Management Inc’s portfolio.Comerica Bank reduced its stake in DV by selling 1,024 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 38,696 shares of DV which is valued at $741,802. DeVry Education Group Inc makes up approx 0.01% of Comerica Bank’s portfolio.Advantus Capital Management Inc boosted its stake in DV in the latest quarter, The investment management firm added 176 additional shares and now holds a total of 7,665 shares of DeVry Education Group Inc which is valued at $146,938.

DeVry Education Group Inc closed down -2.63 points or -13.02% at $17.57 with 37,17,695 shares getting traded on Wednesday. Post opening the session at $19.91, the shares hit an intraday low of $17.34 and an intraday high of $20.02 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, DeVry Education Group Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.62. The company had revenue of $474.20 million for the quarter, compared to analysts expectations of $466.44 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Investors should note that on May 16, 2016, DeVry Education Group Inc announced a cash dividend of $0.1800. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 24, 2016.

Many Wall Street Analysts have commented on DeVry Education Group Inc. DeVry Education Group Inc was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016.

DeVry Education Group Inc. (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business healthcare and technology and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business Technology and Management Medical and Healthcare and International and Professional Education. The Company’s Business Technology and Management segment comprises the operation of DeVry University; the Company’s Medical and Healthcare segment includes the operations of DeVry Medical International which operates three institutions: American University of the Caribbean School of Medicine (AUC) Ross University School of Medicine (RUSM) and Ross University School of Veterinary Medicine and the Company’s International and Professional Education segment includes the operations of DeVry Brasil and Becker.

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