Stonegate Investment Group LLC Sells 475,000 Shares of Vacasa, Inc. (NASDAQ:VCSA)

Stonegate Investment Group LLC cut its holdings in Vacasa, Inc. (NASDAQ:VCSA - Free Report) by 95.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company's stock after selling 475,000 shares during the period. Stonegate Investment Group LLC owned about 0.11% of Vacasa worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VCSA. Bank of New York Mellon Corp acquired a new stake in Vacasa in the first quarter valued at $323,000. US Bancorp DE acquired a new stake in shares of Vacasa during the first quarter worth about $83,000. HighTower Advisors LLC increased its position in shares of Vacasa by 48.3% during the first quarter. HighTower Advisors LLC now owns 149,509 shares of the company's stock worth $1,236,000 after purchasing an additional 48,709 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Vacasa during the first quarter worth about $139,000. Finally, BlackRock Inc. acquired a new stake in shares of Vacasa during the first quarter worth about $10,941,000. 82.48% of the stock is currently owned by institutional investors and hedge funds.

Vacasa Trading Down 2.5 %

Shares of NASDAQ:VCSA traded down $0.16 during trading on Thursday, hitting $6.20. 70,791 shares of the stock were exchanged, compared to its average volume of 70,292. The company has a fifty day moving average price of $8.24 and a two-hundred day moving average price of $8.14. The company has a market cap of $138.79 million, a PE ratio of -0.26 and a beta of 0.87. Vacasa, Inc. has a 12-month low of $6.12 and a 12-month high of $19.00.

Vacasa (NASDAQ:VCSA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($3.48) EPS for the quarter, topping the consensus estimate of ($6.82) by $3.34. Vacasa had a positive return on equity of 56.86% and a negative net margin of 26.72%. The business had revenue of $177.44 million for the quarter, compared to analyst estimates of $176.03 million. Equities research analysts anticipate that Vacasa, Inc. will post -3.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Mossytree Inc. sold 7,400 shares of Vacasa stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $8.97, for a total transaction of $66,378.00. Following the completion of the transaction, the insider now directly owns 228,612 shares in the company, valued at approximately $2,050,649.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 64,700 shares of company stock worth $583,997 in the last ninety days. Insiders own 46.77% of the company's stock.

Wall Street Analysts Forecast Growth

VCSA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Vacasa from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. Needham & Company LLC cut their target price on Vacasa from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. Finally, JMP Securities cut Vacasa from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 29th.

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.