Emerald Acquisition Ltd. purchased a new stake in shares of DeVry Education Group Inc. (NYSE:DV) during the second quarter, Holdings Channel reports. The firm purchased 199,492 shares of the company’s stock, valued at approximately $3,541,000. Emerald Acquisition Ltd. owned approximately 0.32% of DeVry Education Group at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DV. State Street Corp raised its stake in shares of DeVry Education Group by 2.3% in the first quarter. State Street Corp now owns 1,976,392 shares of the company’s stock valued at $34,131,000 after buying an additional 44,650 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of DeVry Education Group by 11.4% in the first quarter. Burgundy Asset Management Ltd. now owns 2,472,314 shares of the company’s stock valued at $42,697,000 after buying an additional 252,955 shares during the period. Royce & Associates LP raised its stake in shares of DeVry Education Group by 711.2% in the first quarter. Royce & Associates LP now owns 876,554 shares of the company’s stock valued at $15,138,000 after buying an additional 768,500 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of DeVry Education Group by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,698,151 shares of the company’s stock valued at $29,327,000 after buying an additional 44,194 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of DeVry Education Group by 119.8% in the first quarter. BlackRock Group LTD now owns 70,866 shares of the company’s stock valued at $1,224,000 after buying an additional 38,621 shares during the period.

Shares of DeVry Education Group Inc. (NYSE:DV) traded up 1.05% during midday trading on Thursday, hitting $23.02. 497,309 shares of the company’s stock were exchanged. DeVry Education Group Inc. has a one year low of $15.36 and a one year high of $29.88. The firm’s market cap is $1.44 billion. The stock’s 50-day moving average price is $22.91 and its 200 day moving average price is $19.76.

DeVry Education Group (NYSE:DV) last posted its quarterly earnings results on Thursday, August 18th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.05. DeVry Education Group had a negative net margin of 0.17% and a positive return on equity of 10.31%. The business had revenue of $471.70 million for the quarter, compared to analysts’ expectations of $461.90 million. During the same period in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts forecast that DeVry Education Group Inc. will post $2.53 EPS for the current year.

Several research firms have recently weighed in on DV. Piper Jaffray Cos. reissued an “overweight” rating and issued a $35.00 price target on shares of DeVry Education Group in a research note on Sunday, August 21st. Credit Suisse Group AG reissued a “hold” rating and issued a $24.00 price target on shares of DeVry Education Group in a research note on Wednesday, August 31st. Barrington Research downgraded shares of DeVry Education Group from an “outperform” rating to a “market perform” rating in a research note on Monday, August 15th. Zacks Investment Research downgraded shares of DeVry Education Group from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Finally, Bank of America Corp. reaffirmed a “sell” rating on shares of DeVry Education Group in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. DeVry Education Group presently has a consensus rating of “Hold” and an average price target of $23.13.

In related news, insider Ronald L. Taylor sold 44,100 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $22.82, for a total value of $1,006,362.00. Following the sale, the insider now directly owns 742,649 shares of the company’s stock, valued at approximately $16,947,250.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lisa W. Wardell acquired 8,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average cost of $25.55 per share, for a total transaction of $204,400.00. Following the completion of the purchase, the insider now owns 75,036 shares in the company, valued at approximately $1,917,169.80. The disclosure for this purchase can be found here. Insiders own 4.23% of the company’s stock.

About DeVry Education Group

DeVry Education Group Inc (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business, healthcare and technology, and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business, Technology and Management, Medical and Healthcare, and International and Professional Education.

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