TimesSquare Capital Management LLC Raises Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

TimesSquare Capital Management LLC increased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,472,490 shares of the restaurant operator's stock after purchasing an additional 353,700 shares during the period. TimesSquare Capital Management LLC owned approximately 0.70% of Arcos Dorados worth $10,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ARCO. Spire Wealth Management raised its holdings in Arcos Dorados by 27.2% in the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 1,540 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of Arcos Dorados by 6.2% during the 3rd quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator's stock worth $539,000 after buying an additional 3,588 shares in the last quarter. Aubrey Capital Management Ltd raised its holdings in shares of Arcos Dorados by 14.4% during the 3rd quarter. Aubrey Capital Management Ltd now owns 28,676 shares of the restaurant operator's stock worth $250,000 after buying an additional 3,618 shares in the last quarter. Americana Partners LLC raised its holdings in shares of Arcos Dorados by 24.5% during the 3rd quarter. Americana Partners LLC now owns 21,426 shares of the restaurant operator's stock worth $187,000 after buying an additional 4,222 shares in the last quarter. Finally, Bfsg LLC raised its holdings in shares of Arcos Dorados by 22.7% during the 4th quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator's stock worth $167,000 after buying an additional 4,230 shares in the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Price Performance

Shares of Arcos Dorados stock traded down $0.08 during trading on Friday, reaching $8.41. 850,479 shares of the company's stock were exchanged, compared to its average volume of 1,301,922. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados Holdings Inc. has a 1-year low of $7.02 and a 1-year high of $12.13. The company has a market cap of $1.77 billion, a P/E ratio of 12.01 and a beta of 1.13. The firm's 50-day moving average price is $7.65 and its 200 day moving average price is $8.44.

Arcos Dorados Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.