200,000 Shares in Arco Platform Ltd (ARCE) Purchased by Laurion Capital Management LP

Laurion Capital Management LP bought a new stake in Arco Platform Ltd (NASDAQ:ARCE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $4,560,000. Laurion Capital Management LP owned about 0.96% of Arco Platform as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ARCE. FMR LLC acquired a new stake in shares of Arco Platform in the third quarter valued at about $51,534,000. Jackson Square Partners LLC acquired a new stake in shares of Arco Platform in the third quarter valued at about $25,890,000. BlackRock Inc. acquired a new stake in shares of Arco Platform in the third quarter valued at about $23,039,000. Victory Capital Management Inc. acquired a new stake in shares of Arco Platform in the third quarter valued at about $13,431,000. Finally, Monashee Investment Management LLC acquired a new stake in shares of Arco Platform in the third quarter valued at about $5,700,000.

ARCE has been the subject of a number of recent research reports. Itau BBA Securities initiated coverage on shares of Arco Platform in a research report on Monday, October 22nd. They issued an “outperform” rating and a $27.00 target price for the company. Morgan Stanley initiated coverage on shares of Arco Platform in a research report on Monday, October 22nd. They issued an “overweight” rating and a $27.00 target price for the company. Goldman Sachs Group initiated coverage on shares of Arco Platform in a research report on Sunday, October 21st. They issued a “buy” rating and a $26.00 target price for the company. Finally, UBS Group initiated coverage on shares of Arco Platform in a research report on Wednesday, November 21st. They issued a “buy” rating and a $28.00 target price for the company.

Shares of NASDAQ ARCE opened at $23.52 on Friday. Arco Platform Ltd has a 52 week low of $20.20 and a 52 week high of $25.59.

Arco Platform (NASDAQ:ARCE) last released its quarterly earnings data on Tuesday, November 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.16). The company had revenue of $16.48 million for the quarter.

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About Arco Platform

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.

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

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