Commonwealth Equity Services LLC Lowers Position in Arco Platform Limited (NASDAQ:ARCE)

Commonwealth Equity Services LLC cut its stake in Arco Platform Limited (NASDAQ:ARCE) by 26.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,494 shares of the company’s stock after selling 5,658 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Arco Platform worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ARCE. abrdn plc increased its position in shares of Arco Platform by 25.1% during the second quarter. abrdn plc now owns 842,481 shares of the company’s stock valued at $25,881,000 after acquiring an additional 168,766 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Arco Platform by 579.5% during the second quarter. JPMorgan Chase & Co. now owns 449,581 shares of the company’s stock valued at $13,784,000 after acquiring an additional 383,421 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of Arco Platform by 17.9% during the second quarter. Champlain Investment Partners LLC now owns 54,650 shares of the company’s stock valued at $1,676,000 after acquiring an additional 8,300 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Arco Platform during the second quarter valued at approximately $1,163,000. Finally, Shelton Capital Management increased its position in shares of Arco Platform by 135.7% during the second quarter. Shelton Capital Management now owns 33,230 shares of the company’s stock valued at $1,019,000 after acquiring an additional 19,130 shares during the last quarter.

NASDAQ:ARCE opened at $19.16 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.48. The business has a fifty day simple moving average of $20.06 and a two-hundred day simple moving average of $22.82. Arco Platform Limited has a 1 year low of $15.90 and a 1 year high of $41.59. The company has a market capitalization of $578.38 million, a P/E ratio of -44.56 and a beta of 0.74.

Arco Platform (NASDAQ:ARCE) last released its earnings results on Monday, November 29th. The company reported ($0.48) earnings per share (EPS) for the quarter. Arco Platform had a negative return on equity of 6.21% and a negative net margin of 12.40%. The firm had revenue of $35.07 million during the quarter. As a group, analysts anticipate that Arco Platform Limited will post 0.14 earnings per share for the current year.

Separately, Zacks Investment Research raised Arco Platform from a “sell” rating to a “hold” rating in a research report on Tuesday, January 4th.

About Arco Platform

Arco Platform Ltd. is engaged in the provision of the educational services. It provides educational content in printed and digital format to the private schools. The firm operates through two segments: Core Curriculum and Supplemental Solutions. The Core Curriculum segment offers two versions, SAS & SAE for high income private schools and upper-middle income private schools respectively.

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

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