In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), L Brands Inc. (NYSE:LB) reported that International Value Advisers has picked up 3,357,491 of common stock as of 2017-04-17.
The acquisition brings the aggregate amount owned by International Value Advisers to a total of 3,357,491 representing a 5.3% stake in the company.
For those not familiar with the company, 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. The Company operates in three segments: Medical and Healthcare; International and Professional Education, and Business, Technology, and Management. Medical and Healthcare includes DeVry Medical International (DMI), Chamberlain College of Nursing (Chamberlain) and Carrington College (Carrington). International and Professional Education consists of DeVry Brasil and Becker Professional Education (Becker). Business, Technology, and Management consist of DeVry University. As of June 30, 2016, DMI operated three institutions: American University of the Caribbean School of Medicine (AUC), Ross University School of Medicine (RUSM) and Ross University School of Veterinary Medicine (RUSVM).
A glance at Devry Education Group Inc. (NYSE:DV)’s key stats reveals a current market capitalization of 2.13 Billion based on 62.88 Million shares outstanding and a price at last close of $34.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-06, Wardell picked up 3,100 at a purchase price of $33.26. This brings their total holding to 114,598 as of the date of the filing.
On the sell side, the most recent transaction saw Paul unload 1,835 shares at a sale price of $32.56. This brings their total holding to 24,499.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Devry Education Group Inc. (NYSE:DV) as things move forward to see if its progress aligns with these transactions.
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