Renaissance Technologies LLC Acquires 19,500 Shares of Vacasa, Inc. (NASDAQ:VCSA)

Renaissance Technologies LLC grew its holdings in shares of Vacasa, Inc. (NASDAQ:VCSA) by 41.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,454 shares of the company’s stock after acquiring an additional 19,500 shares during the period. Renaissance Technologies LLC owned about 0.30% of Vacasa worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of VCSA. Jacobs Levy Equity Management Inc. lifted its stake 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 valued at $682,000 after buying an additional 67,591 shares in the last quarter. Harrell Investment Partners LLC purchased a new position in shares of Vacasa during the 2nd quarter valued at $218,000. Bank of New York Mellon Corp purchased a new position in shares of Vacasa during the 2nd quarter valued at $124,000. Rhumbline Advisers purchased a new position in shares of Vacasa during the 2nd quarter valued at $50,000. Finally, National Bank of Canada FI lifted its stake in shares of Vacasa by 23.1% during the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock valued at $296,000 after buying an additional 11,378 shares in the last quarter. Institutional investors own 82.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of 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 lowered their target price on shares of Vacasa from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Vacasa Stock Up 4.5 %

Shares of NASDAQ VCSA opened at $2.58 on Friday. The firm’s 50-day moving average price is $3.19 and its 200-day moving average price is $4.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.24. The stock has a market capitalization of $57.87 million, a price-to-earnings ratio of -0.09 and a beta of 0.57. Vacasa, Inc. has a 12-month low of $2.07 and a 12-month high of $13.00.

Vacasa (NASDAQ:VCSA) last announced its earnings results on Friday, August 9th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.94) by $1.35. The firm had revenue of $248.98 million for 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 prior year, the company earned ($0.20) EPS. On average, equities research analysts anticipate that Vacasa, Inc. will post -2.43 EPS for the current fiscal 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.