Vitru (NASDAQ:VTRU) Sees Unusually-High Trading Volume

Vitru Limited (NASDAQ:VTRU) saw unusually-high trading volume on Friday . Approximately 295,691 shares changed hands during trading, an increase of 948% from the previous session’s volume of 28,218 shares.The stock last traded at $16.02 and had previously closed at $16.10.

Analyst Upgrades and Downgrades

VTRU has been the topic of a number of analyst reports. Credit Suisse Group upgraded shares of Vitru from a “neutral” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Friday, May 12th. Morgan Stanley upgraded shares of Vitru from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $25.00 to $22.00 in a research note on Monday, May 8th.

Vitru Stock Performance

The firm has a market cap of $540.00 million, a PE ratio of 14.84 and a beta of -0.15. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.79. The firm’s 50 day simple moving average is $16.08 and its 200 day simple moving average is $17.63.

Vitru (NASDAQ:VTRU) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.70 EPS for the quarter. Vitru had a net margin of 10.79% and a return on equity of 15.79%. The business had revenue of $105.37 million for the quarter. On average, research analysts forecast that Vitru Limited will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Vitru

Several hedge funds have recently added to or reduced their stakes in VTRU. Advisory Research Inc. bought a new position in Vitru in the 4th quarter worth about $328,000. BTG Pactual Global Asset Management Ltd grew its stake in Vitru by 16.7% in the 4th quarter. BTG Pactual Global Asset Management Ltd now owns 151,124 shares of the company’s stock worth $3,400,000 after acquiring an additional 21,589 shares in the last quarter. Bank of America Corp DE grew its stake in Vitru by 4,544.7% in the 1st quarter. Bank of America Corp DE now owns 66,744 shares of the company’s stock worth $1,519,000 after acquiring an additional 65,307 shares in the last quarter. HRT Financial LP lifted its position in shares of Vitru by 12.0% in the 1st quarter. HRT Financial LP now owns 39,894 shares of the company’s stock worth $907,000 after purchasing an additional 4,261 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Vitru in the 2nd quarter worth approximately $482,000. 50.88% of the stock is currently owned by institutional investors.

About Vitru

Vitru Limited, together with its subsidiaries, operates as a distance learning education company in Brazil. The company operates through Digital Education Undergraduate Courses, Continuing Education Courses, and On-Campus Undergraduate Courses segments. It offers distance, on-site undergraduate, continuing education, graduate, technical and professional courses through digital education model and its hybrid methodology.