Arco Platform (NASDAQ:ARCE) Shares Up 3.2%

Arco Platform Limited (NASDAQ:ARCE – Get Rating) shot up 3.2% on Friday . The company traded as high as $13.60 and last traded at $13.41. 27,560 shares traded hands during trading, a decline of 64% from the average session volume of 75,891 shares. The stock had previously closed at $12.99.

Arco Platform Price Performance

The stock has a 50 day simple moving average of $12.97 and a two-hundred day simple moving average of $12.13. The firm has a market cap of $755.55 million, a PE ratio of 443.00 and a beta of 0.52. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.25 and a current ratio of 1.44.

Hedge Funds Weigh In On Arco Platform

A number of institutional investors have recently modified their holdings of the stock. Keenan Capital LLC grew its position in shares of Arco Platform by 6.3% during the 3rd quarter. Keenan Capital LLC now owns 4,098,358 shares of the company’s stock valued at $44,221,000 after acquiring an additional 241,404 shares during the period. Capital Research Global Investors grew its position in shares of Arco Platform by 16.6% during the 1st quarter. Capital Research Global Investors now owns 2,711,223 shares of the company’s stock valued at $57,207,000 after acquiring an additional 386,098 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Arco Platform by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,257,627 shares of the company’s stock valued at $30,478,000 after acquiring an additional 38,218 shares during the period. Capital World Investors grew its position in shares of Arco Platform by 12.5% during the 1st quarter. Capital World Investors now owns 1,521,948 shares of the company’s stock valued at $32,113,000 after acquiring an additional 169,447 shares during the period. Finally, Truxt Investmentos Ltda. grew its position in shares of Arco Platform by 21.8% during the 4th quarter. Truxt Investmentos Ltda. now owns 1,162,030 shares of the company’s stock valued at $15,688,000 after acquiring an additional 208,252 shares during the period.

About Arco Platform

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Arco Platform Ltd. engages in the provision of complete pedagogical system with technology-enabled features to deliver educational content to private schools and students.It operates through the following Core and Supplemental segments. The Core segment offers solutions that address the Brazilian K-12 curriculum requirements through a personalized and interactive learning experience.