Dean Capital Investments Management LLC purchased a new stake in Arco Platform Ltd (NASDAQ:ARCE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,532 shares of the company’s stock, valued at approximately $582,000.
Several other institutional investors and hedge funds have also modified their holdings of ARCE. FMR LLC acquired a new stake in shares of Arco Platform during the 3rd quarter valued at $51,534,000. Jackson Square Partners LLC acquired a new stake in shares of Arco Platform during the 3rd quarter valued at $25,890,000. BlackRock Inc. acquired a new stake in shares of Arco Platform during the 3rd quarter valued at $23,039,000. Victory Capital Management Inc. acquired a new stake in shares of Arco Platform during the 3rd quarter valued at $13,431,000. Finally, Third Point LLC acquired a new stake in shares of Arco Platform during the 3rd quarter valued at $5,700,000. Institutional investors own 76.54% of the company’s stock.
NASDAQ ARCE opened at $23.64 on Friday. Arco Platform Ltd has a twelve month low of $20.20 and a twelve month high of $25.59.
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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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