Marshall Wace LLP cut its holdings in Arco Platform Limited (NASDAQ:ARCE) by 82.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,331 shares of the company’s stock after selling 150,126 shares during the period. Marshall Wace LLP owned 0.10% of Arco Platform worth $961,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC acquired a new position in Arco Platform in the 1st quarter valued at $52,000. Paloma Partners Management Co acquired a new position in Arco Platform in the 1st quarter valued at $225,000. Davy Global Fund Management Ltd acquired a new position in Arco Platform in the 2nd quarter valued at $247,000. TCW Group Inc. acquired a new position in Arco Platform in the 2nd quarter valued at $413,000. Finally, Citadel Advisors LLC acquired a new position in Arco Platform in the 2nd quarter valued at $588,000. Institutional investors own 87.81% of the company’s stock.
Separately, Zacks Investment Research downgraded Arco Platform from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 15th.
Arco Platform Company Profile
Arco Platform Ltd. is engaged in the provision of the educational services. It provides educational content in printed and digital format to the private schools. The firm operates through two segments: Core Curriculum and Supplemental Solutions. The Core Curriculum segment offers two versions, SAS & SAE for high income private schools and upper-middle income private schools respectively.
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