Granahan Investment Management Incma Lowers stake in 2U Inc (TWOU)

2U Inc (TWOU) : Granahan Investment Management Incma reduced its stake in 2U Inc by 14.26% during the most recent quarter end. The investment management company now holds a total of 1,438,914 shares of 2U Inc which is valued at $49,829,592 after selling 239,320 shares in 2U Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.2U Inc makes up approximately 1.68% of Granahan Investment Management Incma’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in TWOU in the latest quarter, The investment management firm added 7,335 additional shares and now holds a total of 24,882 shares of 2U Inc which is valued at $858,927.California State Teachers Retirement System boosted its stake in TWOU in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 77,710 shares of 2U Inc which is valued at $2,485,943. 2U Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Blackrock Advisors boosted its stake in TWOU in the latest quarter, The investment management firm added 3,371 additional shares and now holds a total of 19,714 shares of 2U Inc which is valued at $647,605.

2U Inc opened for trading at $35.91 and hit $36.5806 on the upside on Monday, eventually ending the session at $36.13, with a gain of 0.64% or 0.23 points. The heightened volatility saw the trading volume jump to 2,20,534 shares. Company has a market cap of $1,700 M.

On the company’s financial health, 2U Inc reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.09. The company had revenue of $52.00 million for the quarter, compared to analysts expectations of $50.28 million. The company’s revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

2U Inc. is a provider of an integrated solution comprised of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of an online learning environment Online Campus which acts as the hub for student and faculty academic and social interaction and operations applications which provide the content management admissions application processing customer relationship management and other necessary functionalities. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program including attracting students advising prospective students through the admissions application process providing technical success coaching and other support facilitating accessibility to individuals with disabilities and facilitating in-program field placements.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

2U Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on 2U Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.