Cogna (COGN3) disclosed on Tuesday (13), in a material fact, that BlackRock Investments bought shares of the company, raising its equity stake to 10.02% of the company’s shares.

Cogna cites in the material fact, BlackRock investment funds now own 188,033,687 shares of Cogna common stock (COGN3).

Considering the Cogna (COGN3) share price of R$2.84 at the close of trading on Wednesday (14), BlackRock now owns the equivalent of R$534 million.

Cogna’s result in the second quarter of 2022
Cogna’s (COGN3) results for the second quarter of 2022 (2Q22), released on August 11, showed a net loss of R$117.7 million in 2Q22, up 10.4% from the same quarter last year.

Cogna’s Ebitda reached R$350.0 million in 2Q22, a 23.7% increase compared to 2Q21.

Cogna’s Ebitda margin totaled 30.3% in 2Q22, an increase of 5.8 percentage points compared to 2Q21.

Cogna’s net margin reached -10.2% in 2Q22, showing a decrease of -0.9 percentage points compared to 2Q21.

Cogna’s shares (COGN3) have accumulated a 10.94% rise in the stock market in the last 7 days and an

11.53% drop in the last 12 months.

Learn about the company Cogna

Cogna Educação is among the 50 biggest education companies in the world in market value. It was founded in 1966 in Belo Horizonte from the creation of a company of pre-vestibular courses.

It is the largest Brazilian company in the higher education segment for the number of students and revenue. In July 2014, the company merged with its biggest rival Anhanguera Educacional becoming the largest higher education company in the world by market capitalization, opening a large gap between its closest competitors.

By Lucinélha Feijó