Steven Cohen’s SAC Capital Advisors Boosts Its Stake in DeVry Education Group Inc (DV)

Steven Cohen’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.

SAC CAPITAL ADVISORS

Recently, DeVry Education Group Inc (NYSE:DV) announced 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 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 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.

Disclosure: none

Recommended Reading:

Corvex Capital Exercises Options and Reiterates Stake in Signet Jewelers Limited (SIG)

Carl Wiese’s Grow Partners Top Picks in Q4

York Capital Management’s Top Q4 Holdings

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!