Separately, Bank of America began coverage on Arco Platform in a research report on Thursday, August 29th. They issued a buy rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Arco Platform currently has a consensus rating of Hold and an average price target of $28.00.
ARCE stock traded up $1.38 during trading on Wednesday, hitting $42.30. 107,592 shares of the company traded hands, compared to its average volume of 103,442. The stock’s 50-day simple moving average is $44.20 and its 200 day simple moving average is $43.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.19 and a quick ratio of 5.12. The company has a market cap of $1.02 billion, a PE ratio of 156.67, a P/E/G ratio of 6.83 and a beta of 0.54. Arco Platform has a 1 year low of $17.68 and a 1 year high of $56.74.
Several institutional investors have recently bought and sold shares of the company. Keybank National Association OH purchased a new stake in shares of Arco Platform in the second quarter valued at approximately $229,000. California Public Employees Retirement System purchased a new stake in shares of Arco Platform in the third quarter valued at approximately $301,000. Parametric Portfolio Associates LLC boosted its stake in shares of Arco Platform by 95.2% in the second quarter. Parametric Portfolio Associates LLC now owns 13,507 shares of the company’s stock worth $591,000 after acquiring an additional 6,588 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Arco Platform in the second quarter worth approximately $312,000. Finally, Castleark Management LLC acquired a new stake in shares of Arco Platform in the second quarter worth approximately $665,000. Institutional investors and hedge funds own 90.28% of the company’s stock.
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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