Gabelli Has Hold on Devry

Gabelli & Co. is out with a research report on Devry (NYSE: DV) and it has a Hold rating on shares.

In a note to clients, Gabelli & Co. writes, "While new student declines may be “stabilizing,” the company now expects earnings will be down in both halves. Negative leverage, investments in new programs and locations, and acquisition integration are putting pressure on margins."

Shares of DV are off $7.75 to $38.35, a loss of 16.78%.