Charles Schwab Investment Management Inc. Sells 36,323 Shares of Vacasa, Inc. (NASDAQ:VCSA)

Charles Schwab Investment Management Inc. reduced its position in Vacasa, Inc. (NASDAQ:VCSA) by 61.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,317 shares of the company’s stock after selling 36,323 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.10% of Vacasa worth $63,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Rhumbline Advisers purchased a new position in Vacasa during the second quarter worth about $50,000. Bank of New York Mellon Corp bought a new stake in shares of Vacasa during the 2nd quarter valued at about $124,000. National Bank of Canada FI boosted its position 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 acquiring an additional 11,378 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Vacasa by 41.5% during the second quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock worth $324,000 after purchasing an additional 19,500 shares in the last quarter. 82.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VCSA has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Needham & Company LLC lowered their price objective on shares of Vacasa from $5.00 to $3.25 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Vacasa in a report on Monday, December 16th.

Vacasa Stock Performance

NASDAQ:VCSA opened at $3.34 on Friday. The company has a market capitalization of $76.06 million, a price-to-earnings ratio of -0.40 and a beta of 0.86. The business has a 50 day moving average of $3.21 and a 200 day moving average of $3.56. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.90. Vacasa, Inc. has a 1-year low of $2.07 and a 1-year high of $11.70.

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.