Arco Platform Limited (NASDAQ:ARCE – Get Rating) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,620,000 shares, an increase of 11.0% from the February 13th total of 1,460,000 shares. Based on an average daily trading volume, of 121,600 shares, the days-to-cover ratio is currently 13.3 days. Currently, 9.5% of the shares of the stock are sold short.
Arco Platform Trading Down 0.4 %
ARCE stock opened at $12.49 on Thursday. The company has a market capitalization of $710.06 million, a PE ratio of 416.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.25 and a current ratio of 1.44. Arco Platform has a one year low of $7.85 and a one year high of $22.74. The company’s 50 day moving average price is $12.95 and its two-hundred day moving average price is $12.14.
Hedge Funds Weigh In On Arco Platform
Several institutional investors and hedge funds have recently made changes to their positions in ARCE. Keenan Capital LLC boosted its position in Arco Platform by 6.3% during the third quarter. Keenan Capital LLC now owns 4,098,358 shares of the company’s stock valued at $44,221,000 after buying an additional 241,404 shares during the period. Capital Research Global Investors boosted its holdings in Arco Platform by 16.6% during the 1st quarter. Capital Research Global Investors now owns 2,711,223 shares of the company’s stock valued at $57,207,000 after acquiring an additional 386,098 shares during the period. Price T Rowe Associates Inc. MD grew its position in Arco Platform by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,257,627 shares of the company’s stock worth $30,478,000 after acquiring an additional 38,218 shares during the last quarter. Capital World Investors increased its stake in Arco Platform by 12.5% in the 1st quarter. Capital World Investors now owns 1,521,948 shares of the company’s stock worth $32,113,000 after purchasing an additional 169,447 shares during the period. Finally, Truxt Investmentos Ltda. lifted its position in Arco Platform by 21.8% in the fourth quarter. Truxt Investmentos Ltda. now owns 1,162,030 shares of the company’s stock valued at $15,688,000 after purchasing an additional 208,252 shares during the last quarter.
About Arco Platform
Arco Platform Ltd. engages in the provision of complete pedagogical system with technology-enabled features to deliver educational content to private schools and students.It operates through the following Core and Supplemental segments. The Core segment offers solutions that address the Brazilian K-12 curriculum requirements through a personalized and interactive learning experience.
- Get a free copy of the StockNews.com research report on Arco Platform (ARCE)
- Meta Platforms: Efficiency Gains Momentum, Stock Accelerates
- Pfizer’s Latest Acquisition Strengthens the Case for PFE Stock
- SentinelOne: Reversal In-Play For Cybersecurity Stocks
- Is Sportradar Group A Growth Stock To Bet On In 2023?
- Strong Guidance says Boeing is Ready for Takeoff
Receive News & Ratings for Arco Platform Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arco Platform and related companies with MarketBeat.com's FREE daily email newsletter.