Arco Platform (NASDAQ:ARCE) Sees Large Volume Increase

Arco Platform Limited (NASDAQ:ARCE) shares saw strong trading volume on Tuesday . 55,543 shares traded hands during mid-day trading, a decline of 66% from the previous session’s volume of 162,740 shares.The stock last traded at $13.75 and had previously closed at $13.74.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered shares of Arco Platform from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $14.00 in a report on Thursday, September 14th.

Arco Platform Price Performance

The stock’s fifty day moving average price is $13.18 and its two-hundred day moving average price is $12.45. The firm has a market capitalization of $768.20 million, a price-to-earnings ratio of -98.21 and a beta of 0.49. The company has a current ratio of 1.26, a quick ratio of 1.06 and a debt-to-equity ratio of 0.65.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in shares of Arco Platform in the 3rd quarter valued at $43,000. UBS Group AG boosted its holdings in shares of Arco Platform by 153.3% in the fourth quarter. UBS Group AG now owns 4,828 shares of the company’s stock valued at $65,000 after acquiring an additional 2,922 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Arco Platform by 14.6% in the first quarter. Van ECK Associates Corp now owns 6,951 shares of the company’s stock valued at $76,000 after acquiring an additional 888 shares in the last quarter. Fifth Lane Capital LP purchased a new stake in shares of Arco Platform in the second quarter valued at about $152,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Arco Platform in the second quarter valued at about $181,000.

About Arco Platform

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.