Van ECK Associates Corp lessened its position in Vasta Platform Limited (NASDAQ:VSTA – Get Rating) by 38.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 748,814 shares of the company’s stock after selling 458,414 shares during the quarter. Van ECK Associates Corp owned approximately 0.90% of Vasta Platform worth $3,931,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in Vasta Platform during the first quarter valued at $67,000. Renaissance Technologies LLC raised its stake in Vasta Platform by 71.6% during the first quarter. Renaissance Technologies LLC now owns 18,700 shares of the company’s stock valued at $107,000 after buying an additional 7,800 shares during the last quarter. State Street Corp purchased a new position in Vasta Platform during the first quarter valued at $120,000. Finally, Compass Group LLC raised its stake in Vasta Platform by 1.1% during the second quarter. Compass Group LLC now owns 3,789,613 shares of the company’s stock valued at $18,076,000 after buying an additional 41,580 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.
Vasta Platform Stock Up 1.2 %
VSTA stock opened at $4.10 on Thursday. Vasta Platform Limited has a 1-year low of $3.52 and a 1-year high of $6.53. The business has a fifty day moving average price of $4.10 and a 200-day moving average price of $4.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.83 and a quick ratio of 1.45. The stock has a market capitalization of $341.92 million, a P/E ratio of -15.77 and a beta of 0.13.
Analyst Ratings Changes
Separately, Morgan Stanley cut Vasta Platform from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $23.50 to $6.00 in a research note on Friday, October 21st.
About Vasta Platform
Vasta Platform Limited, an education company, provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company operates in two segments, Content & EdTech Platform and Digital Platform. The Content & EdTech Platform segment offers core and complementary educational content solutions through digital and printed content, including textbooks, learning systems, and other complimentary educational services.
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