River & Mercantile Asset Management LLP Has $545,000 Holdings in 2U, Inc. (NASDAQ:TWOU)

River & Mercantile Asset Management LLP cut its stake in shares of 2U, Inc. (NASDAQ:TWOU – Get Rating) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,247 shares of the software maker’s stock after selling 46,020 shares during the period. River & Mercantile Asset Management LLP owned about 0.11% of 2U worth $545,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in 2U by 6.8% in the third quarter. Vanguard Group Inc. now owns 7,153,185 shares of the software maker’s stock valued at $44,707,000 after purchasing an additional 458,189 shares during the period. Invesco Ltd. increased its holdings in 2U by 11.1% in the first quarter. Invesco Ltd. now owns 1,769,009 shares of the software maker’s stock valued at $23,492,000 after purchasing an additional 177,100 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in 2U by 7.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,609,386 shares of the software maker’s stock valued at $10,059,000 after purchasing an additional 108,530 shares during the period. Bank of New York Mellon Corp increased its holdings in 2U by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 1,577,531 shares of the software maker’s stock valued at $9,859,000 after purchasing an additional 69,662 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in 2U by 100.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,571,300 shares of the software maker’s stock valued at $9,821,000 after purchasing an additional 786,800 shares during the period.

2U Price Performance

Shares of NASDAQ TWOU opened at $8.29 on Friday. 2U, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $14.12. The stock has a market cap of $657.15 million, a price-to-earnings ratio of -1.98 and a beta of 1.23. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s 50-day simple moving average is $8.80 and its 200 day simple moving average is $7.44.

2U (NASDAQ:TWOU – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $236.05 million for the quarter, compared to analysts’ expectations of $233.68 million. As a group, research analysts anticipate that 2U, Inc. will post -0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TWOU. Barrington Research restated an “outperform” rating and issued a $15.00 price objective (up from $9.00) on shares of 2U in a report on Friday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of 2U in a report on Friday, February 3rd. BMO Capital Markets increased their price target on 2U from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.50 price target (up from $8.00) on shares of 2U in a report on Friday, February 3rd. Finally, Credit Suisse Group started coverage on 2U in a report on Monday, November 21st. They set a “neutral” rating and a $8.00 price target for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, 2U presently has a consensus rating of “Hold” and a consensus target price of $12.00.

About 2U

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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.