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

2U Inc (TWOU) : Wall Street Associates reduced its stake in 2U Inc by 25.39% during the most recent quarter end. The investment management company now holds a total of 176,004 shares of 2U Inc which is valued at $4.7 Million after selling 59,900 shares in 2U Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.2U Inc makes up approximately 2.01% of Wall Street Associates’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in TWOU in the latest quarter, The investment management firm added 3,135 additional shares and now holds a total of 224,552 shares of 2U Inc which is valued at $6 Million. Adams Street Partners added TWOU to its portfolio by purchasing 21,412 company shares during the most recent quarter which is valued at $576,197. 2U Inc makes up approx 0.10% of Adams Street Partners’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in TWOU in the latest quarter, The investment management firm added 3,768 additional shares and now holds a total of 730,362 shares of 2U Inc which is valued at $19.7 Million. Oxford Asset Management sold out all of its stake in TWOU during the most recent quarter. The investment firm sold 145,350 shares of TWOU which is valued $3.9 Million.

2U Inc closed down -0.68 points or -2.44% at $27.17 with 6,68,365 shares getting traded on Wednesday. Post opening the session at $26.59, the shares hit an intraday low of $26.03 and an intraday high of $27.21 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, 2U Inc reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 26, 2015. Analyst had a consensus of $-0.18. The company had revenue of $37.09 million for the quarter, compared to analysts expectations of $36.24 million. The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on 2U Inc. Shares were Reiterated by Needham on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 31 from a previous price target of $41 .Shares were Reiterated by Compass Point on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 36 from a previous price target of $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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