International Value Advisers Lowers stake in DeVry Education Group Inc (DV)

DeVry Education Group Inc (DV) : International Value Advisers reduced its stake in DeVry Education Group Inc by 4.55% during the most recent quarter end. The investment management company now holds a total of 12,539,629 shares of DeVry Education Group Inc which is valued at $240.4 Million after selling 597,246 shares in DeVry Education Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.DeVry Education Group Inc makes up approximately 7.03% of International Value Advisers’s portfolio.

Other Hedge Funds, Including , Loomis Sayles Co L P added DV to its portfolio by purchasing 69 company shares during the most recent quarter which is valued at $1,323. Walthausen sold out all of its stake in DV during the most recent quarter. The investment firm sold 234,771 shares of DV which is valued $4.5 Million.Proshare Advisors reduced its stake in DV by selling 1,248 shares or 8.35% in the most recent quarter. The Hedge Fund company now holds 13,699 shares of DV which is valued at $264,528.

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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