Fairpointe Capital Lowers stake in DeVry Education Group Inc (DV)

DeVry Education Group Inc (DV) : Fairpointe Capital reduced its stake in DeVry Education Group Inc by 9.5% during the most recent quarter end. The investment management company now holds a total of 6,065,264 shares of DeVry Education Group Inc which is valued at $169,220,866 after selling 636,916 shares in DeVry Education Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.DeVry Education Group Inc makes up approximately 3.56% of Fairpointe Capital’s portfolio.

Other Hedge Funds, Including , Eii Capital Management reduced its stake in DV by selling 10,200 shares or 8.2% in the most recent quarter. The Hedge Fund company now holds 114,120 shares of DV which is valued at $3,183,948. DeVry Education Group Inc makes up approx 1.02% of Eii Capital Management’s portfolio.Comerica Bank boosted its stake in DV in the latest quarter, The investment management firm added 607 additional shares and now holds a total of 40,149 shares of DeVry Education Group Inc which is valued at $1,104,098. DeVry Education Group Inc makes up approx 0.01% of Comerica Bank’s portfolio.Proshare Advisors reduced its stake in DV by selling 1,753 shares or 13.59% in the most recent quarter. The Hedge Fund company now holds 11,149 shares of DV which is valued at $306,598. American Century Companies Inc added DV to its portfolio by purchasing 317,961 company shares during the most recent quarter which is valued at $7,344,899. DeVry Education Group Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.

DeVry Education Group Inc closed down -0.6 points or -2.13% at $27.6 with 6,92,457 shares getting traded on Monday. Post opening the session at $28.35, the shares hit an intraday low of $27.5 and an intraday high of $28.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, DeVry Education Group Inc reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.41. The company had revenue of $449.90 million for the quarter, compared to analysts expectations of $443.62 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on Nov 14, 2016, DeVry Education Group Inc announced a cash dividend of $0.1800. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 22, 2016.

Many Wall Street Analysts have commented on DeVry Education Group Inc. DeVry Education Group Inc was Upgraded by Credit Suisse to ” Outperform” on Nov 9, 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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