Kim LLC Lowers Position in Vacasa, Inc. (NASDAQ:VCSA)

Kim LLC cut its stake in Vacasa, Inc. (NASDAQ:VCSA) by 95.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,330 shares of the company’s stock after selling 766,271 shares during the period. Kim LLC owned 0.18% of Vacasa worth $331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Advisory Inc. purchased a new stake in Vacasa in the fourth quarter worth about $110,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Vacasa by 1.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company’s stock worth $311,000 after buying an additional 11,450 shares during the period. Finally, 683 Capital Management LLC lifted its holdings in Vacasa by 86.1% in the third quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company’s stock worth $692,000 after buying an additional 694,124 shares during the period. 82.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC lowered their price objective on shares of Vacasa from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, May 10th. The Goldman Sachs Group decreased their target price on shares of Vacasa from $9.50 to $8.50 and set a “neutral” rating for the company in a research note on Monday, May 13th. JMP Securities downgraded shares of Vacasa from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Vacasa from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th.

Vacasa Stock Performance

Shares of VCSA traded up $0.49 on Tuesday, hitting $4.84. 115,480 shares of the stock traded hands, compared to its average volume of 77,248. Vacasa, Inc. has a one year low of $4.01 and a one year high of $16.80. The company has a market capitalization of $108.56 million, a PE ratio of -0.17 and a beta of 0.74. The business has a 50 day simple moving average of $6.44 and a 200 day simple moving average of $7.60.

Vacasa (NASDAQ:VCSA) last posted its earnings results on Thursday, May 9th. The company reported ($1.43) EPS for the quarter, topping analysts’ consensus estimates of ($2.50) by $1.07. Vacasa had a negative net margin of 33.68% and a positive return on equity of 88.37%. The business had revenue of $209.47 million during the quarter, compared to the consensus estimate of $209.94 million. During the same quarter in the previous year, the firm posted ($2.00) EPS. On average, equities analysts expect that Vacasa, Inc. will post -4.57 earnings per share for the current year.

Vacasa Company Profile

Vacasa, Inc operates vacation rental management platform in North America, Belize, and Costa Rica. The company enables guests to search, discover, and book its properties on Vacasa.com and its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.