Royce & Associates LP Has $2.01 Million Holdings in Zovio Inc (NASDAQ:ZVO)

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Royce & Associates LP lifted its position in shares of Zovio Inc (NASDAQ:ZVOGet Rating) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,447,476 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Royce & Associates LP owned about 7.19% of Zovio worth $2,007,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC grew its holdings in Zovio by 355.5% in the fourth quarter. First Eagle Investment Management LLC now owns 246,662 shares of the company’s stock worth $313,000 after purchasing an additional 192,514 shares during the period. HighTower Advisors LLC grew its holdings in Zovio by 152.3% in the fourth quarter. HighTower Advisors LLC now owns 277,015 shares of the company’s stock worth $352,000 after purchasing an additional 167,200 shares during the period. Finally, Potomac Capital Management Inc. acquired a new stake in Zovio in the fourth quarter worth $208,000. 53.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barrington Research cut shares of Zovio from an “outperform” rating to an “underperform” rating in a report on Monday, August 1st.

Zovio Trading Down 3.3 %

NASDAQ:ZVO opened at $0.41 on Friday. Zovio Inc has a 12 month low of $0.38 and a 12 month high of $2.78. The stock has a market capitalization of $13.98 million, a price-to-earnings ratio of -0.33 and a beta of 0.86. The firm has a fifty day simple moving average of $0.91 and a two-hundred day simple moving average of $0.93.

Zovio (NASDAQ:ZVOGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.14) earnings per share for the quarter. Zovio had a negative net margin of 17.80% and a negative return on equity of 117.64%. The business had revenue of $61.63 million during the quarter. Equities analysts predict that Zovio Inc will post -0.27 earnings per share for the current fiscal year.

Zovio Company Profile

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Zovio Inc operates as an education technology services company in the United States. It partners with higher education institutions and employers to deliver various personalized solutions to help learners and leaders in achieving their aspirations. The company offers technology and academic services primarily relate to the educational infrastructure, including online course delivery and management, assessment, customer relations management, and other internal administrative systems; support services for curriculum and new program development, and faculty training and development; and technical support and assistance services with state compliance.

Further Reading

Institutional Ownership by Quarter for Zovio (NASDAQ:ZVO)

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