OxFORD Asset Management LLP lessened its stake in DeVry Education Group Inc. (NYSE:ATGE) by 42.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,747 shares of the company’s stock after selling 127,288 shares during the quarter. OxFORD Asset Management LLP owned about 0.28% of DeVry Education Group worth $6,046,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATGE. Northwestern Mutual Investment Management Company LLC acquired a new position in DeVry Education Group in the second quarter valued at about $174,000. GHP Investment Advisors Inc. acquired a new position in DeVry Education Group in the second quarter valued at about $202,000. Tower Research Capital LLC TRC acquired a new position in DeVry Education Group in the second quarter valued at about $223,000. Shelton Capital Management acquired a new position in DeVry Education Group in the second quarter valued at about $224,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in DeVry Education Group in the second quarter valued at about $243,000.
In other news, insider Carlos Filgueiras sold 2,325 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total transaction of $85,839.00. Following the completion of the transaction, the insider now directly owns 11,832 shares of the company’s stock, valued at $436,837.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.04% of the stock is owned by corporate insiders.
DeVry Education Group Inc. (NYSE:ATGE) traded up $0.35 during mid-day trading on Tuesday, hitting $40.55. The stock had a trading volume of 665,400 shares, compared to its average volume of 613,705. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2,438.73, a PE ratio of 15.28, a P/E/G ratio of 1.72 and a beta of 0.99. DeVry Education Group Inc. has a 52 week low of $29.40 and a 52 week high of $41.70.
DeVry Education Group (NYSE:ATGE) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $421.03 million for the quarter, compared to analyst estimates of $428.00 million. DeVry Education Group had a return on equity of 10.24% and a net margin of 6.17%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. sell-side analysts anticipate that DeVry Education Group Inc. will post 2.84 earnings per share for the current fiscal year.
A number of research analysts have issued reports on ATGE shares. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 target price (down from $40.00) on shares of DeVry Education Group in a research note on Monday, August 21st. ValuEngine cut DeVry Education Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $59.00 price objective on shares of DeVry Education Group in a research report on Monday. Zacks Investment Research cut DeVry Education Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised DeVry Education Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $44.67.
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About DeVry Education Group
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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