Elk Creek Partners Has Lowered Holding in 2U (TWOU) by $3.53 Million as Stock Price Rose; As Halliburton Co (HAL) Valuation Declined, At Bancorp Has Upped Holding

February 17, 2018 - By Peter Erickson

At Bancorp increased its stake in Halliburton Co (HAL) by 88.62% based on its latest 2017Q3 regulatory filing with the SEC. At Bancorp bought 8,518 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 18,130 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $834,000, up from 9,612 at the end of the previous reported quarter. At Bancorp who had been investing in Halliburton Co for a number of months, seems to be bullish on the $41.56B market cap company. The stock increased 1.30% or $0.61 during the last trading session, reaching $47.5. About 12.21M shares traded or 28.90% up from the average. Halliburton Company (NYSE:HAL) has risen 19.03% since February 17, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

Elk Creek Partners Llc decreased its stake in 2U Inc (TWOU) by 28.74% based on its latest 2017Q3 regulatory filing with the SEC. Elk Creek Partners Llc sold 63,076 shares as the company’s stock rose 16.87% with the market. The institutional investor held 156,387 shares of the technology company at the end of 2017Q3, valued at $8.76M, down from 219,463 at the end of the previous reported quarter. Elk Creek Partners Llc who had been investing in 2U Inc for a number of months, seems to be less bullish one the $3.97B market cap company. The stock decreased 0.07% or $0.05 during the last trading session, reaching $75.94. About 267,759 shares traded. 2U, Inc. (NASDAQ:TWOU) has risen 55.92% since February 17, 2017 and is uptrending. It has outperformed by 39.22% the S&P500.

Among 13 analysts covering 2U (NASDAQ:TWOU), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. 2U had 38 analyst reports since August 7, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of TWOU in report on Wednesday, September 20 with “Buy” rating. As per Friday, February 26, the company rating was maintained by Compass Point. The firm has “Outperform” rating given on Tuesday, October 27 by Oppenheimer. The stock of 2U, Inc. (NASDAQ:TWOU) has “Overweight” rating given on Tuesday, January 30 by KeyBanc Capital Markets. Compass Point maintained 2U, Inc. (NASDAQ:TWOU) rating on Friday, August 7. Compass Point has “Buy” rating and $40 target. The firm has “Outperform” rating by Credit Suisse given on Tuesday, August 8. The rating was maintained by Robert W. Baird on Friday, October 6 with “Buy”. The firm earned “Buy” rating on Monday, July 17 by BMO Capital Markets. The stock of 2U, Inc. (NASDAQ:TWOU) has “Buy” rating given on Friday, October 16 by Goldman Sachs. As per Friday, February 26, the company rating was maintained by Needham.

Elk Creek Partners Llc, which manages about $800.79 million and $1.59 billion US Long portfolio, upped its stake in Synchronoss Technologies Inc (NASDAQ:SNCR) by 81,228 shares to 2.42M shares, valued at $22.58 million in 2017Q3, according to the filing. It also increased its holding in Interxion Holding N.V (NYSE:INXN) by 32,295 shares in the quarter, for a total of 872,538 shares, and has risen its stake in Medicines Co (NASDAQ:MDCO).

Among 41 analysts covering Halliburton Company (NYSE:HAL), 37 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Halliburton Company had 149 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, January 28, the company rating was upgraded by KLR Group. The rating was maintained by Oppenheimer on Thursday, October 1 with “Outperform”. The rating was maintained by FBR Capital on Wednesday, February 22 with “Outperform”. RBC Capital Markets maintained Halliburton Company (NYSE:HAL) on Thursday, December 21 with “Buy” rating. On Friday, June 23 the stock rating was maintained by RBC Capital Markets with “Buy”. Howard Weil maintained Halliburton Company (NYSE:HAL) rating on Wednesday, January 27. Howard Weil has “Sector Perform” rating and $37 target. Macquarie Research maintained Halliburton Company (NYSE:HAL) on Wednesday, September 9 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, June 28 by FBR Capital. On Thursday, September 3 the stock rating was upgraded by HSBC to “Buy”. Jefferies maintained it with “Buy” rating and $57.0 target in Thursday, January 4 report.

At Bancorp, which manages about $877.87 million US Long portfolio, decreased its stake in Open Text Corp (NASDAQ:OTEX) by 13,675 shares to 67,355 shares, valued at $2.18M in 2017Q3, according to the filing. It also reduced its holding in Micron Technology Inc (NASDAQ:MU) by 46,547 shares in the quarter, leaving it with 108,898 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.09, from 0.94 in 2017Q2. It fall, as 84 investors sold HAL shares while 297 reduced holdings. 71 funds opened positions while 254 raised stakes. 679.57 million shares or 0.21% less from 681.00 million shares in 2017Q2 were reported. Pillar Pacific Capital Management Limited Liability reported 119,719 shares. Farmers Com reported 5,487 shares. Parsons Mgmt Ri has invested 0.31% in Halliburton Company (NYSE:HAL). Parkside Bancshares holds 1,724 shares. D E Shaw And Comm has 3.18M shares for 0.22% of their portfolio. Chicago Equity Lc stated it has 0.16% in Halliburton Company (NYSE:HAL). Van Den Berg Mngmt I Inc stated it has 1.22% of its portfolio in Halliburton Company (NYSE:HAL). Neville Rodie & Shaw holds 0.02% or 4,395 shares. Wunderlich Capital Managemnt stated it has 12,827 shares. 276,894 are held by Comerica Retail Bank. Meiji Yasuda Life Insur owns 0.14% invested in Halliburton Company (NYSE:HAL) for 20,300 shares. Illinois-based Optimum Investment has invested 0.18% in Halliburton Company (NYSE:HAL). Daiwa Gru holds 0.01% of its portfolio in Halliburton Company (NYSE:HAL) for 26,441 shares. Gateway Investment Advisers Limited Liability Co holds 0.31% or 773,268 shares in its portfolio. Exxonmobil Investment Management Incorporated Tx owns 158,485 shares or 0.18% of their US portfolio.

Since September 5, 2017, it had 0 insider purchases, and 11 selling transactions for $10.10 million activity. Beaty Anne L. also sold $151,459 worth of Halliburton Company (NYSE:HAL) shares. The insider Carre Eric sold $1.45M. Brown James S sold 12,977 shares worth $713,475. Another trade for 43,000 shares valued at $1.71M was sold by Pope Lawrence J. Miller Jeffrey Allen also sold $1.60M worth of Halliburton Company (NYSE:HAL) on Monday, January 22. The insider McKeon Timothy sold 4,583 shares worth $251,835.

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