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Devry Education Group Inc. (DV): International Value Advisers Lowers Stake

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Charles-de-Vaulx International Value Advisers reported lowering its stake in Devry Education Group Inc. (NYSE:DVvia a recent 13D filing with the US Securities and Exchange Commission. Now the stake consists of 11.01 million common shares, which amass 17.7% of its common stock, which is slightly lower than the stake the fund held at the end of June, which included 12.22 million shares, as reported in its previous 13F filing.

Devry Education Group is a corporation that runs various for-profit higher education institutions, working in three divisions:  International and Professional Education, Business, Technology and Management, and Medical and Healthcare. Since the beginning of the year, the company’s stock has lost 7.23%. For the fourth quarter of fiscal 2016, Devry Education Group disclosed diluted loss per share of $0.16 and revenue of $417.7 million, which compares to earnings per share of $0.46 and revenue of $473.2 million for the same period in fiscal 2015. Earlier this month, Piper Jaffray Cos. reiterated its ‘Overweight’ rating on Devry Education Group’s stock with a price target of $35, while Barrington Research downgraded its rating to ‘Market Perform’ from ‘Outperform’ on it.

University Teacher Education classroom whiteboard, male, student, studying

wavebreakmedia / shutterstock.com

The number of hedge funds from our database with positions in Devry Education Group (NYSE:DV) increased by 10 recently, and there were 23 investors long the stock at the end of June. Among them were John W. Rogers’ Ariel Investments, with a position valued at $47.9 million, Robert Rodriguez And Steven Romick’s First Pacific Advisors LLC, which held a $43.45 million position, Chuck Royce’s Royce & Associates, and Ken Griffin’s Citadel Investment Group.

Some of the new investors in Devry Education Group (NYSE:DV), during the second quarter, included Neil Chriss’ Hutchin Hill Capital, which had $1.46 million invested in the company, Paul Marshall And Ian Wace’s Marshall Wace LLP,  which acquired a position worth $1.3 million, George Hall’s Clinton Group Joshua Packwood And Schuster Tanger’s Radix Partners, and Jim Simons’ Renaissance Technologies.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
International Value Advisers 11,005,695 11,005,695 17.7%
Charles de Vaulx 11,005,695 11,005,695 17.7%

Charles De Vaulx
Charles De Vaulx
International Value Advisers

Page 1 of 8 – SEC Filing


SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d
-2(a)

(Amendment No. 2)*

DeVry Education Group
Inc.

(Name of Issuer)

Common Stock, par value $0.01
(Title of
Class of Securities)

251893103
(CUSIP Number)

Shanda Scibilia
International Value Advisers, LLC

717 Fifth Avenue, 10th Floor
New York, NY 10022

(212) 584-3570
(Name, Address and Telephone Number
of Person Authorized to Receive Notices and Communications)

August 22, 2016
(Date of Event Which
Requires Filing of This Statement)

     If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is
the subject of this Schedule 13D, and is filing this schedule because of Rule
13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box
[   ]

Note. Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See
§ 240.13d -7 for other parties to whom copies are to be sent.

*

The remainder of this cover page shall be filled out for
a reporting persons initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover
page.

     The information required on the
remainder of this cover page shall not be deemed to be filed for the purpose
of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise
subject to the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes.)

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