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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!