Vitru (NASDAQ:VTRU – Get Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
According to Zacks, “Vitru Limited is a distance learning education group. Vitru Limited is based in FLORIANÓPOLIS, Brazil. “
Shares of Vitru stock traded up $0.30 during trading on Wednesday, reaching $15.80. The company’s stock had a trading volume of 301 shares, compared to its average volume of 10,518. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.98 and a current ratio of 1.99. The business’s fifty day moving average price is $15.43 and its 200-day moving average price is $14.45. The firm has a market cap of $368.61 million, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 0.08 and a beta of 0.18. Vitru has a one year low of $11.30 and a one year high of $18.48.
A number of hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC acquired a new stake in Vitru during the third quarter worth about $69,694,000. Compass Group LLC grew its position in Vitru by 0.7% during the third quarter. Compass Group LLC now owns 2,327,918 shares of the company’s stock worth $37,060,000 after buying an additional 16,112 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in Vitru during the first quarter worth about $1,488,000. 66.39% of the stock is currently owned by institutional investors and hedge funds.
About Vitru (Get Rating)
Vitru Limited, together with its subsidiaries, operates as a distance learning education company in the postsecondary digital education market in Brazil. It operates through three segments: Digital Education Undergraduate Courses, Continuing Education Courses, and On-Campus Undergraduate Courses. The company offers digital education undergraduate courses in hybrid methodology, which consists of weekly in-person meetings with on-site tutors.
- Get a free copy of the StockNews.com research report on Vitru (VTRU)
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