Wall Street Associates Lowers stake in 2U Inc (TWOU)

2U Inc (TWOU) : Wall Street Associates reduced its stake in 2U Inc by 0.67% during the most recent quarter end. The investment management company now holds a total of 174,823 shares of 2U Inc which is valued at $6,092,582 after selling 1,181 shares in 2U Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.2U Inc makes up approximately 2.27% of Wall Street Associates’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp added TWOU to its portfolio by purchasing 135,745 company shares during the most recent quarter which is valued at $4,730,713. 2U Inc makes up approx 0.04% of Marshall Wace Llp’s portfolio.Carleon Capital Partners reduced its stake in TWOU by selling 22,011 shares or 18.26% in the most recent quarter. The Hedge Fund company now holds 98,544 shares of TWOU which is valued at $3,434,258. 2U Inc makes up approx 1.67% of Carleon Capital Partners’s portfolio.Swiss National Bank boosted its stake in TWOU in the latest quarter, The investment management firm added 16,000 additional shares and now holds a total of 58,000 shares of 2U Inc which is valued at $2,024,200.Hood River Capital Management reduced its stake in TWOU by selling 154,257 shares or 37.03% in the most recent quarter. The Hedge Fund company now holds 262,326 shares of TWOU which is valued at $9,176,163. 2U Inc makes up approx 1.11% of Hood River Capital Management’s portfolio.

2U Inc closed down -0.58 points or -1.61% at $35.35 with 2,63,361 shares getting traded on Monday. Post opening the session at $35.9, the shares hit an intraday low of $35.3 and an intraday high of $35.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, 2U Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.12. The company had revenue of $49.10 million for the quarter, compared to analysts expectations of $48.55 million. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on 2U Inc. Company shares were Reiterated by Compass Point on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .Company shares were Reiterated by Barrington Research on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $33 .Needham Initiated 2U Inc on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $40.

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.

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