Van ECK Associates Corp Lowers Position in Vasta Platform Limited (NASDAQ:VSTA)

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.

Vasta Platform (NASDAQ:VSTA – Get Rating) last posted its quarterly earnings results on Friday, November 11th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Vasta Platform had a positive return on equity of 1.25% and a negative net margin of 10.03%. The firm had revenue of $36.03 million during the quarter, compared to analysts’ expectations of $36.98 million. Equities analysts forecast that Vasta Platform Limited will post 0.09 earnings per share for the current fiscal year.

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

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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.