American International Group Inc. Has $1.65 Million Position in 2U Inc (TWOU)
American International Group Inc. increased its stake in shares of 2U Inc (NASDAQ:TWOU) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,364 shares of the software maker’s stock after acquiring an additional 2,196 shares during the period. American International Group Inc. owned about 0.06% of 2U worth $1,646,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its holdings in 2U by 64.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after purchasing an additional 538,487 shares during the period. Bamco Inc. NY acquired a new stake in 2U in the second quarter valued at approximately $24,989,000. Columbus Circle Investors grew its holdings in 2U by 117.2% in the second quarter. Columbus Circle Investors now owns 914,482 shares of the software maker’s stock valued at $82,111,000 after purchasing an additional 493,364 shares during the period. Zevenbergen Capital Investments LLC grew its holdings in 2U by 71.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 903,285 shares of the software maker’s stock valued at $42,382,000 after purchasing an additional 376,405 shares during the period. Finally, Stephens Investment Management Group LLC acquired a new stake in 2U in the third quarter valued at approximately $19,586,000.
In related news, CEO Christopher J. Paucek sold 145,220 shares of 2U stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $63.83, for a total transaction of $9,269,392.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Harsha Mokkarala sold 22,658 shares of 2U stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $63.25, for a total value of $1,433,118.50. Following the transaction, the chief marketing officer now owns 47,869 shares in the company, valued at approximately $3,027,714.25. The disclosure for this sale can be found here. Company insiders own 8.40% of the company’s stock.
2U Inc (NASDAQ TWOU) opened at $64.23 on Thursday. 2U Inc has a 1 year low of $29.23 and a 1 year high of $69.27. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05.
2U (NASDAQ:TWOU) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.01. The business had revenue of $70.25 million for the quarter, compared to the consensus estimate of $69.36 million. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. sell-side analysts predict that 2U Inc will post -0.6 EPS for the current year.
2U, Inc is a provider of an integrated solution consisting 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 a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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