Laurion Capital Management LP Invests $4.56 Million in Arco Platform Ltd (ARCE)

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Laurion Capital Management LP purchased a new stake in shares of Arco Platform Ltd (NASDAQ:ARCE) in the third quarter, HoldingsChannel.com reports. The firm purchased 200,000 shares of the company’s stock, valued at approximately $4,560,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC purchased a new stake in Arco Platform during the third quarter valued at about $4,560,000. Victory Capital Management Inc. purchased a new stake in Arco Platform during the third quarter valued at about $13,431,000. Pendal Group Ltd purchased a new stake in Arco Platform during the third quarter valued at about $114,000. JPMorgan Chase & Co. purchased a new stake in Arco Platform during the third quarter valued at about $1,139,000. Finally, BlackRock Inc. purchased a new stake in Arco Platform during the third quarter valued at about $23,039,000.

Arco Platform stock opened at $23.52 on Friday. Arco Platform Ltd has a 1-year low of $20.20 and a 1-year high of $25.59.

Arco Platform (NASDAQ:ARCE) last posted its earnings results on Tuesday, November 27th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.16). The firm had revenue of $16.48 million for the quarter.

Several analysts have issued reports on ARCE shares. Goldman Sachs Group started coverage on shares of Arco Platform in a research report on Sunday, October 21st. They set a “buy” rating and a $26.00 price target for the company. Morgan Stanley started coverage on shares of Arco Platform in a report on Monday, October 22nd. They set an “overweight” rating and a $27.00 target price for the company. Itau BBA Securities started coverage on shares of Arco Platform in a report on Monday, October 22nd. They set an “outperform” rating and a $27.00 target price for the company. Finally, UBS Group started coverage on shares of Arco Platform in a report on Wednesday, November 21st. They set a “buy” rating and a $28.00 target price for the company.

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Arco Platform Profile

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

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Institutional Ownership by Quarter for Arco Platform (NASDAQ:ARCE)

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