Assenagon Asset Management S.A. Buys New Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Assenagon Asset Management S.A. bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 281,770 shares of the restaurant operator's stock, valued at approximately $2,051,000. Assenagon Asset Management S.A. owned approximately 0.13% of Arcos Dorados at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in shares of Arcos Dorados during the 3rd quarter worth approximately $12,101,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Arcos Dorados during the 3rd quarter worth about $1,645,000. XTX Topco Ltd lifted its position in Arcos Dorados by 37.5% in the third quarter. XTX Topco Ltd now owns 61,669 shares of the restaurant operator's stock valued at $538,000 after buying an additional 16,826 shares during the last quarter. Jane Street Group LLC boosted its stake in Arcos Dorados by 95.9% during the third quarter. Jane Street Group LLC now owns 76,274 shares of the restaurant operator's stock worth $665,000 after buying an additional 37,341 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Arcos Dorados by 18.8% during the third quarter. Stifel Financial Corp now owns 55,007 shares of the restaurant operator's stock valued at $480,000 after acquiring an additional 8,690 shares during the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Stock Down 2.0 %

Shares of ARCO stock traded down $0.15 during trading hours on Thursday, reaching $7.18. 1,534,788 shares of the stock were exchanged, compared to its average volume of 1,314,656. The firm has a market capitalization of $1.51 billion, a P/E ratio of 10.26 and a beta of 1.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The business's fifty day moving average is $7.79 and its two-hundred day moving average is $8.67. Arcos Dorados Holdings Inc. has a 12-month low of $7.02 and a 12-month high of $13.20.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, research analysts expect that Arcos Dorados Holdings Inc. will post 0.61 EPS for the current fiscal year.

About Arcos Dorados

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.