A recent 13D filing with the US Securities and Exchange Commission revealed that Charles-de-Vaulx‘s International Value Advisers has slightly decreased its stake in Devry Education Group Inc. (NYSE:DV) and that it currently owns 12.22 million common shares, which amass 19.5% of the outstanding stock. This stake compares to 12.54 million shares International Value Advisers held at the end of March, as reported in its last 13F filing.
Devry Education Group is an educational company that provides professional training in different areas, running in three main sectors – International and Professional Education, Medical and Healthcare, and Business, Technology and Management. Recently, Devry University, which is run by Devry Education Group (NYSE:DV), was sued by The U.S. Federal Trade Commission on the account of deceiving students about post-graduate job opportunities. Over the past 12 months, the company’s stock has lost 46.83%. Earlier this month, Bank of America reiterated its ‘Sell’ rating with a price target of $16.00, while Credit Suisse reiterated its ‘Hold” rating.