Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,620,000 shares, a decrease of 29.9% from the January 31st total of 2,310,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 1.2 days. Currently, 1.3% of the shares of the company are short sold.
Hedge Funds Weigh In On Arcos Dorados
Several institutional investors and hedge funds have recently bought and sold shares of ARCO. Price T Rowe Associates Inc. MD lifted its holdings in Arcos Dorados by 40.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock valued at $98,015,000 after purchasing an additional 3,851,704 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Arcos Dorados by 96.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator's stock valued at $23,886,000 after buying an additional 1,606,821 shares in the last quarter. 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 worth $23,062,000 after buying an additional 815,198 shares during the period. Franklin Resources Inc. raised its holdings in Arcos Dorados by 88.1% during the fourth quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator's stock valued at $19,008,000 after acquiring an additional 1,223,260 shares during the period. Finally, Moerus Capital Management LLC lifted its position in shares of Arcos Dorados by 11.0% in the fourth quarter. Moerus Capital Management LLC now owns 2,122,675 shares of the restaurant operator's stock valued at $15,453,000 after acquiring an additional 210,133 shares in the last quarter. 55.91% of the stock is currently owned by hedge funds and other institutional investors.
Arcos Dorados Stock Performance
Shares of Arcos Dorados stock traded down $0.08 on Tuesday, hitting $7.52. 285,865 shares of the company's stock were exchanged, compared to its average volume of 1,303,149. Arcos Dorados has a 1 year low of $7.02 and a 1 year high of $12.00. The company has a 50-day simple moving average of $7.71 and a 200-day simple moving average of $8.35. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The stock has a market capitalization of $1.58 billion, a PE ratio of 10.69 and a beta of 1.13.
About Arcos Dorados
(
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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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