River & Mercantile Asset Management LLP Makes New $1.17 Million Investment in Arco Platform Ltd (NASDAQ:ARCE)

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River & Mercantile Asset Management LLP acquired a new position in shares of Arco Platform Ltd (NASDAQ:ARCE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,700 shares of the company’s stock, valued at approximately $1,174,000. River & Mercantile Asset Management LLP owned 0.10% of Arco Platform at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARCE. Parametric Portfolio Associates LLC grew its holdings in shares of Arco Platform by 1.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 13,739 shares of the company’s stock worth $581,000 after purchasing an additional 232 shares during the last quarter. UBS Group AG grew its holdings in Arco Platform by 92.9% during the 1st quarter. UBS Group AG now owns 2,284 shares of the company’s stock worth $97,000 after acquiring an additional 1,100 shares during the last quarter. Bank of America Corp DE grew its holdings in Arco Platform by 100.4% during the 4th quarter. Bank of America Corp DE now owns 3,383 shares of the company’s stock worth $150,000 after acquiring an additional 1,695 shares during the last quarter. Schroder Investment Management Group grew its holdings in Arco Platform by 3.5% during the 4th quarter. Schroder Investment Management Group now owns 69,497 shares of the company’s stock worth $3,072,000 after acquiring an additional 2,344 shares during the last quarter. Finally, Compass Group LLC grew its holdings in Arco Platform by 1.7% during the 1st quarter. Compass Group LLC now owns 192,110 shares of the company’s stock worth $8,119,000 after acquiring an additional 3,210 shares during the last quarter. 91.39% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on ARCE. UBS Group lowered shares of Arco Platform from a “buy” rating to a “neutral” rating and raised their target price for the company from $54.00 to $57.00 in a research note on Wednesday, May 20th. ValuEngine upgraded shares of Arco Platform from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. BidaskClub downgraded shares of Arco Platform from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Zacks Investment Research downgraded shares of Arco Platform from a “buy” rating to a “hold” rating in a report on Thursday, June 4th. Finally, Goldman Sachs Group decreased their price target on shares of Arco Platform from $62.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.80.

NASDAQ ARCE traded down $1.46 during trading on Thursday, hitting $44.84. 8,132 shares of the company’s stock were exchanged, compared to its average volume of 224,587. The company has a market cap of $990.64 million, a PE ratio of -228.10 and a beta of 0.85. The company has a current ratio of 1.89, a quick ratio of 1.83 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $50.15 and its two-hundred day moving average price is $48.17. Arco Platform Ltd has a fifty-two week low of $29.09 and a fifty-two week high of $59.49.

Arco Platform (NASDAQ:ARCE) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.83. Arco Platform had a positive return on equity of 6.07% and a negative net margin of 5.59%. The firm had revenue of $59.07 million for the quarter. Analysts forecast that Arco Platform Ltd will post 0.45 earnings per share for the current fiscal year.

Arco Platform Company 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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