Charles De Vaulx Is Not Giving Up On DeVry Education Group Inc (DV), Other Top Value Picks Despite Losses

Moving on to International Value’s second-largest stock holding, in Oracle Corporation (NYSE:ORCL), which is comprised of 7.0 million shares valued at $302.38 million as of the end of March. The provider of enterprise software and computer hardware products has seen its stock decline by nearly 3% year-to-date. The hedge fund interest in Oracle Corporation (NYSE:ORCL) has declined over the course of the first quarter as 59 funds had invested a total of $8.71 billion in the company, compared to 62 firms with $9.31 billion at the end of the previous quarter. Boykin Curry‘s Eagle Capital Management is the largest stockholder of Oracle Corporation (NYSE:ORCL) among these investment firms, owning about 44.72 million shares valued at $1.93 billion.

During the first quarter, International Value acquired 2.32 million shares of  DeVry Education Group Inc (NYSE:DV) to bump its total stake in the $2.11 billion provider of educational services up to 8.33 million shares valued at $277.84 million. The holding represented 13.07% of the company’s outstanding common stock and constituted 7.0% of the fund’s portfolio value. The bet hasn’t gone De Vaulx’s way yet as the stock has slumped by more than 30% so far this year. Despite that, at the end of April, the fund acquired another 1.22 million shares of DeVry Education Group Inc (NYSE:DV). Deutsche Bank recently downgraded the company to ‘Hold’ from ‘Buy’ and revised downwards its price target to $34 from $40. Although the company is one of the most promising names in the sector, the bank believes that the environment the industry operates in is weighing heavily on its performance. After International Value Advisors, Robert Rodriguez and Steven Romick‘s First Pacific Advisers is the largest stockholder of the company within our database, holding some 2.16 million shares valued at $72 million.

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