Gardner Lewis Asset Management L P Has $3.53 Million Stake in 2U Inc (TWOU)

Gardner Lewis Asset Management L P lessened its position in 2U Inc (NASDAQ:TWOU) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,993 shares of the software maker’s stock after selling 250 shares during the period. Gardner Lewis Asset Management L P’s holdings in 2U were worth $3,530,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TWOU. Polar Capital LLP grew its stake in 2U by 61.1% during the fourth quarter. Polar Capital LLP now owns 711,790 shares of the software maker’s stock worth $35,390,000 after buying an additional 269,844 shares during the period. Portolan Capital Management LLC purchased a new position in shares of 2U in the fourth quarter valued at $8,601,000. Geode Capital Management LLC boosted its stake in shares of 2U by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 569,368 shares of the software maker’s stock valued at $28,308,000 after purchasing an additional 35,458 shares during the period. Captrust Financial Advisors boosted its stake in shares of 2U by 352.8% in the fourth quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock valued at $52,000 after purchasing an additional 815 shares during the period. Finally, Avalon Global Asset Management LLC boosted its stake in shares of 2U by 29.5% in the fourth quarter. Avalon Global Asset Management LLC now owns 97,100 shares of the software maker’s stock valued at $4,828,000 after purchasing an additional 22,100 shares during the period.

Several research analysts have recently weighed in on TWOU shares. First Analysis set a $95.00 target price on shares of 2U and gave the company a “buy” rating in a research note on Friday, November 16th. BidaskClub upgraded shares of 2U from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. ValuEngine downgraded shares of 2U from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. KeyCorp decreased their target price on shares of 2U from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $72.00 target price on shares of 2U in a research note on Tuesday, February 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. 2U currently has a consensus rating of “Buy” and a consensus target price of $87.42.

TWOU traded up $0.61 during trading on Friday, hitting $69.68. The company had a trading volume of 88,860 shares, compared to its average volume of 520,744. The stock has a market capitalization of $4.02 billion, a PE ratio of -110.60 and a beta of 0.75. 2U Inc has a 1-year low of $44.50 and a 1-year high of $98.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.62 and a quick ratio of 7.62.

2U (NASDAQ:TWOU) last issued its earnings results on Monday, February 25th. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The company had revenue of $115.10 million for the quarter, compared to analysts’ expectations of $114.90 million. 2U had a negative net margin of 9.31% and a negative return on equity of 5.77%. The firm’s revenue was up 32.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts forecast that 2U Inc will post -1.14 earnings per share for the current fiscal year.

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2U Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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