National Bank of Canada FI Boosts Stake in Vacasa, Inc. (NASDAQ:VCSA)

National Bank of Canada FI lifted its holdings in shares of Vacasa, Inc. (NASDAQ:VCSA) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,683 shares of the company’s stock after purchasing an additional 11,378 shares during the quarter. National Bank of Canada FI’s holdings in Vacasa were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rhumbline Advisers acquired a new position in Vacasa in the second quarter valued at about $50,000. Brown Advisory Inc. purchased a new stake in shares of Vacasa in the 4th quarter valued at approximately $110,000. Bank of New York Mellon Corp purchased a new stake in shares of Vacasa in the 2nd quarter valued at approximately $124,000. Harrell Investment Partners LLC purchased a new position in shares of Vacasa during the 2nd quarter worth approximately $218,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Vacasa by 208.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,994 shares of the company’s stock worth $682,000 after purchasing an additional 67,591 shares during the period. 82.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VCSA has been the topic of a number of research reports. The Goldman Sachs Group decreased their price target on Vacasa from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC decreased their target price on Vacasa from $8.00 to $5.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Vacasa Stock Up 1.3 %

Shares of Vacasa stock opened at $3.84 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.24. Vacasa, Inc. has a 52-week low of $2.07 and a 52-week high of $13.00. The company has a market capitalization of $86.71 million, a P/E ratio of -0.14 and a beta of 0.58. The company has a 50 day moving average of $3.63 and a 200 day moving average of $5.15.

Vacasa (NASDAQ:VCSA) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.94) by $1.35. The business had revenue of $248.98 million during the quarter, compared to analysts’ expectations of $259.41 million. Vacasa had a negative net margin of 36.09% and a positive return on equity of 174.62%. During the same period in the previous year, the company earned ($0.20) EPS. As a group, research analysts forecast that Vacasa, Inc. will post -2.43 EPS for the current fiscal year.

About Vacasa

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.