Atom Investors LP Sells 105,865 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Atom Investors LP cut its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 55.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,077 shares of the restaurant operator's stock after selling 105,865 shares during the quarter. Atom Investors LP's holdings in Arcos Dorados were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Verition Fund Management LLC grew its position in Arcos Dorados by 6.2% during the third quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator's stock valued at $539,000 after buying an additional 3,588 shares during the period. Rockefeller Capital Management L.P. grew its position in Arcos Dorados by 12.5% during the third quarter. Rockefeller Capital Management L.P. now owns 206,953 shares of the restaurant operator's stock valued at $1,805,000 after buying an additional 22,954 shares during the period. Sagil Capital LLP bought a new stake in Arcos Dorados during the third quarter valued at approximately $1,134,000. Managed Asset Portfolios LLC bought a new stake in Arcos Dorados during the third quarter valued at approximately $7,389,000. Finally, Navellier & Associates Inc. grew its position in Arcos Dorados by 26.8% during the third quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator's stock valued at $179,000 after buying an additional 4,342 shares during the period. 55.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on shares of Arcos Dorados from $14.00 to $12.00 and set an "overweight" rating on the stock in a report on Friday, September 13th.

Arcos Dorados Price Performance

NYSE:ARCO traded down $0.11 during trading hours on Wednesday, hitting $8.18. 638,309 shares of the stock traded hands, compared to its average volume of 1,217,424. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a 1 year low of $7.86 and a 1 year high of $13.20. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 2.58 and a beta of 1.12. The stock has a 50 day moving average price of $8.90 and a 200 day moving average price of $9.14.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company's quarterly revenue was up .8% compared to the same quarter last year. Sell-side analysts forecast that Arcos Dorados Holdings Inc. will post 0.66 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.