Catalyst Capital Advisors LLC grew its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 81.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,340 shares of the restaurant operator's stock after purchasing an additional 65,340 shares during the period. Catalyst Capital Advisors LLC owned about 0.07% of Arcos Dorados worth $1,058,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of ARCO. Emeth Value Capital LLC purchased a new stake in Arcos Dorados in the 4th quarter worth approximately $11,190,000. Franklin Resources Inc. purchased a new position in shares of Arcos Dorados during the 3rd quarter valued at approximately $12,101,000. Managed Asset Portfolios LLC purchased a new position in shares of Arcos Dorados during the 3rd quarter valued at approximately $7,389,000. Private Management Group Inc. lifted its position in shares of Arcos Dorados by 34.7% during 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 buying an additional 815,198 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in shares of Arcos Dorados during the 3rd quarter valued at approximately $3,743,000. Hedge funds and other institutional investors own 55.91% of the company's stock.
Arcos Dorados Price Performance
Shares of NYSE:ARCO traded down $0.10 during midday trading on Friday, reaching $8.39. 1,136,281 shares of the company's stock traded hands, compared to its average volume of 1,310,814. 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 11.98 and a beta of 1.13. 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 company has a fifty day simple moving average of $7.66 and a two-hundred day simple moving average of $8.43.
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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