Arco Platform (ARCE) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “Arco Platform Limited develops educational software. The Company offers a platform which delivers educational content in printed and digital formats. Arco Platform Limited is based in Vila Olimpia Sao Paulo, Brazil. “
Shares of NASDAQ ARCE opened at $29.49 on Monday. The company has a market cap of $637.08 million and a PE ratio of 109.22. Arco Platform has a 12 month low of $17.68 and a 12 month high of $34.12.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Arco Platform during the 4th quarter worth approximately $159,000. BlueMountain Capital Management LLC acquired a new stake in shares of Arco Platform during the 3rd quarter worth approximately $342,000. Point72 Asset Management L.P. purchased a new position in shares of Arco Platform during the 3rd quarter valued at approximately $684,000. Norges Bank purchased a new position in shares of Arco Platform during the 4th quarter valued at approximately $885,000. Finally, UBS Oconnor LLC lifted its position in shares of Arco Platform by 125.9% during the 4th quarter. UBS Oconnor LLC now owns 45,181 shares of the company’s stock valued at $999,000 after buying an additional 25,181 shares in the last quarter.
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.
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