’s Sac Capital Advisors
, has significantly increased its position in DeVry Education Group Inc (NYSE:DV)
to over 3.17 million shares from 27,391 shares, held at the end of the fourth quarter of 2013. The current holding amasses 5.0% stake of the company’s common stock.
Recently, DeVry Education Group Inc (NYSE:
its financial results for the second quarter of 2014, posting a decrease in revenue by 1.9% on the year, to $491.3 million. Net income also fell to $48.2 million, from $50.3 million in the second quarter of 2013. The diluted earnings per share were down at $0.74 from $0.78 last year, and lower than the mean estimates of $0.75.
The company generated $131.1 million of operating cash flow and the cash and cash equivalent decreased by 21% to $262.0 million. There was an increase in the segment revenue to $190.4 million, representing a 13.5% increase over the second quarter of 2013.
Of the other hedge funds we track, Charles De Vaulx
’s International Value Advisers, is the largest shareholder of DeVry Education Group Inc (NYSE:
DV), which held 4.85 million shares, worth $172.01 million at the end of the fourth quarter. Ariel Investments, managed by John W. Rogers
is another hedge fund, which held 2.81 million shares with a reported value of $99.58 million.
Recently, SAC Capital Advisors upped
its stake in Lumber Liquidators Holdings Inc (NYSE:LL
) to 1.39 million shares, from 60,144 shares held previously. Last month, Steven Cohen initiated
a position in Retrophin Inc (NASDAQ:RTRX
), which amasses 1.29 million shares of the company.
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