Vasta Platform Limited (NASDAQ:VSTA – Get Rating)’s stock price dropped 0.3% on Monday . The stock traded as low as $3.28 and last traded at $3.29. Approximately 19,286 shares traded hands during trading, an increase of 54% from the average daily volume of 12,503 shares. The stock had previously closed at $3.30.
Vasta Platform Stock Performance
The stock’s 50 day moving average is $3.71 and its two-hundred day moving average is $4.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 1.48. The firm has a market capitalization of $274.37 million, a P/E ratio of -12.65 and a beta of 0.11.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Newfoundland Capital Management raised its holdings in Vasta Platform by 2.8% in the third quarter. Newfoundland Capital Management now owns 3,558,595 shares of the company’s stock worth $18,683,000 after purchasing an additional 96,544 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Vasta Platform by 1.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,347,009 shares of the company’s stock valued at $17,572,000 after buying an additional 53,189 shares in the last quarter. State Street Corp lifted its holdings in Vasta Platform by 27.3% during the third quarter. State Street Corp now owns 26,537 shares of the company’s stock worth $139,000 after acquiring an additional 5,695 shares in the last quarter. Renaissance Technologies LLC grew its stake in Vasta Platform by 71.6% in the first quarter. Renaissance Technologies LLC now owns 18,700 shares of the company’s stock valued at $107,000 after acquiring an additional 7,800 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Vasta Platform in the first quarter valued at about $67,000. 17.31% of the stock is currently owned by institutional investors.
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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