Guggenheim Capital LLC Reduces Position in 2U, Inc. (NASDAQ:TWOU)

Guggenheim Capital LLC lessened its holdings in shares of 2U, Inc. (NASDAQ:TWOU – Get Rating) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,273 shares of the software maker’s stock after selling 4,897 shares during the quarter. Guggenheim Capital LLC owned approximately 0.24% of 2U worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of TWOU. Captrust Financial Advisors boosted its stake in shares of 2U by 179.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,391 shares of the software maker’s stock worth $36,000 after acquiring an additional 2,179 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of 2U during the 3rd quarter worth $55,000. Rockefeller Capital Management L.P. boosted its stake in shares of 2U by 660.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 9,222 shares of the software maker’s stock worth $56,000 after acquiring an additional 8,010 shares during the last quarter. FDx Advisors Inc. boosted its stake in shares of 2U by 37.0% during the 3rd quarter. FDx Advisors Inc. now owns 16,878 shares of the software maker’s stock worth $105,000 after acquiring an additional 4,562 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its stake in shares of 2U by 35.6% during the 3rd quarter. Samalin Investment Counsel LLC now owns 17,150 shares of the software maker’s stock worth $107,000 after acquiring an additional 4,500 shares during the last quarter.

2U Stock Performance

Shares of TWOU stock opened at $9.73 on Tuesday. The company’s fifty day simple moving average is $8.39 and its two-hundred day simple moving average is $7.37. 2U, Inc. has a 52 week low of $4.70 and a 52 week high of $14.12. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.85.

2U (NASDAQ:TWOU – Get Rating) last posted its earnings results on Thursday, February 2nd. The software maker reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. 2U had a negative net margin of 33.45% and a negative return on equity of 16.25%. The firm had revenue of $236.05 million for the quarter, compared to the consensus estimate of $233.68 million. As a group, research analysts predict that 2U, Inc. will post -0.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TWOU shares. BMO Capital Markets lifted their target price on shares of 2U from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. Robert W. Baird lowered their target price on shares of 2U from $14.00 to $10.00 in a research note on Tuesday, November 8th. Piper Sandler lifted their target price on shares of 2U from $7.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of 2U in a research note on Friday, February 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $9.50 target price (up previously from $8.00) on shares of 2U in a research note on Friday, February 3rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

2U Profile

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2U, Inc engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.