Arco Platform Limited (NASDAQ:ARCE) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Arco Platform Limited (NASDAQ:ARCEGet Rating) by 115.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,231 shares of the company’s stock after purchasing an additional 18,361 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Arco Platform were worth $722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARCE. Davy Global Fund Management Ltd acquired a new position in Arco Platform in the 1st quarter valued at about $202,000. Exchange Traded Concepts LLC boosted its stake in shares of Arco Platform by 93.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,654 shares of the company’s stock valued at $35,000 after buying an additional 798 shares during the period. Redwood Investments LLC boosted its stake in shares of Arco Platform by 7.1% in the 1st quarter. Redwood Investments LLC now owns 73,188 shares of the company’s stock valued at $1,544,000 after buying an additional 4,868 shares during the period. TCW Group Inc. boosted its stake in shares of Arco Platform by 38.2% in the 1st quarter. TCW Group Inc. now owns 203,800 shares of the company’s stock valued at $4,300,000 after buying an additional 56,300 shares during the period. Finally, Dragoneer Investment Group LLC purchased a new position in shares of Arco Platform in the 4th quarter valued at about $28,435,000.

Arco Platform Stock Performance

Shares of ARCE opened at $13.99 on Friday. The stock has a 50-day simple moving average of $15.16 and a 200-day simple moving average of $18.01. The stock has a market capitalization of $412.01 million, a PE ratio of -63.59 and a beta of 0.78. Arco Platform Limited has a 1 year low of $13.20 and a 1 year high of $30.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.35 and a current ratio of 1.47.

Arco Platform (NASDAQ:ARCEGet Rating) last posted its earnings results on Tuesday, May 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $82.28 million during the quarter, compared to analysts’ expectations of $89.20 million. Arco Platform had a negative return on equity of 3.43% and a negative net margin of 5.13%. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, analysts predict that Arco Platform Limited will post 0.22 earnings per share for the current fiscal year.

About Arco Platform

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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.

See Also

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Institutional Ownership by Quarter for Arco Platform (NASDAQ:ARCE)

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