Van ECK Associates Corp cut its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 64.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,863 shares of the restaurant operator's stock after selling 567,437 shares during the quarter. Van ECK Associates Corp owned about 0.15% of Arcos Dorados worth $2,249,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Emeth Value Capital LLC acquired a new position in Arcos Dorados in the 4th quarter valued at about $11,190,000. Franklin Resources Inc. acquired a new position in Arcos Dorados in the 3rd quarter valued at about $12,101,000. Managed Asset Portfolios LLC acquired a new position in Arcos Dorados in the 3rd quarter valued at about $7,389,000. Private Management Group Inc. boosted its holdings in Arcos Dorados by 34.7% in the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator's stock valued at $23,062,000 after purchasing an additional 815,198 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in Arcos Dorados in the 3rd quarter valued at about $3,743,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.
Arcos Dorados Trading Down 1.1 %
NYSE:ARCO traded down $0.10 on Friday, hitting $8.39. The stock had a trading volume of 1,136,281 shares, compared to its average volume of 1,310,814. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 11.98 and a beta of 1.13. The company has a fifty day moving average price of $7.65 and a two-hundred day moving average price of $8.44. Arcos Dorados Holdings Inc. has a 1-year low of $7.02 and a 1-year high of $12.13.
Arcos Dorados Company Profile
(
Free Report)
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.
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