Columbia Partners L L C Investment Management cut its holdings in shares of DeVry Education Group Inc. (NYSE:ATGE) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,622 shares of the company’s stock after selling 9,090 shares during the quarter. Columbia Partners L L C Investment Management owned about 0.08% of DeVry Education Group worth $1,707,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in DeVry Education Group by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 780,590 shares of the company’s stock valued at $27,983,000 after acquiring an additional 12,120 shares during the last quarter. Comerica Bank acquired a new position in DeVry Education Group in the third quarter valued at about $1,790,000. Rhumbline Advisers lifted its stake in DeVry Education Group by 4.7% in the third quarter. Rhumbline Advisers now owns 134,210 shares of the company’s stock valued at $4,811,000 after buying an additional 6,042 shares during the period. Retirement Systems of Alabama raised its position in shares of DeVry Education Group by 9.0% during the third quarter. Retirement Systems of Alabama now owns 80,097 shares of the company’s stock worth $2,871,000 after purchasing an additional 6,628 shares during the period. Finally, Sei Investments Co. raised its position in shares of DeVry Education Group by 5.9% during the third quarter. Sei Investments Co. now owns 159,548 shares of the company’s stock worth $5,719,000 after purchasing an additional 8,900 shares during the period.
A number of brokerages recently issued reports on ATGE. BidaskClub raised DeVry Education Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. BMO Capital Markets boosted their price target on DeVry Education Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Zacks Investment Research cut DeVry Education Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, ValuEngine cut DeVry Education Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. DeVry Education Group currently has a consensus rating of “Hold” and a consensus price target of $37.50.
DeVry Education Group (NYSE:ATGE) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.16). The business had revenue of $421.03 million during the quarter, compared to analysts’ expectations of $428.00 million. DeVry Education Group had a return on equity of 10.24% and a net margin of 6.17%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. sell-side analysts anticipate that DeVry Education Group Inc. will post 2.84 EPS for the current year.
In other DeVry Education Group news, insider Carlos Filgueiras sold 2,325 shares of DeVry Education Group stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total transaction of $85,839.00. Following the sale, the insider now directly owns 11,832 shares of the company’s stock, valued at approximately $436,837.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.04% of the stock is owned by company insiders.
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DeVry Education Group Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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