Fidelis Capital Partners LLC Buys New Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Fidelis Capital Partners LLC bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 50,000 shares of the restaurant operator's stock, valued at approximately $380,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management raised its stake in Arcos Dorados by 27.2% during the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock worth $52,000 after acquiring an additional 1,540 shares in the last quarter. Navellier & Associates Inc. grew its position in shares of Arcos Dorados by 8.3% in the 4th quarter. Navellier & Associates Inc. now owns 22,258 shares of the restaurant operator's stock valued at $162,000 after buying an additional 1,700 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Arcos Dorados by 17.5% during the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock worth $89,000 after acquiring an additional 1,830 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Arcos Dorados by 6.2% in the third quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator's stock worth $539,000 after acquiring an additional 3,588 shares during the period. Finally, Aubrey Capital Management Ltd raised its holdings in Arcos Dorados by 14.4% during the 3rd quarter. Aubrey Capital Management Ltd now owns 28,676 shares of the restaurant operator's stock worth $250,000 after purchasing an additional 3,618 shares during the last quarter. 55.91% of the stock is owned by institutional investors.

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Arcos Dorados Trading Up 1.6 %

Shares of NYSE:ARCO traded up $0.13 during trading on Friday, reaching $8.04. The stock had a trading volume of 1,199,528 shares, compared to its average volume of 1,296,587. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $11.96. 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 firm's fifty day moving average is $7.73 and its 200 day moving average is $8.32. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 11.48 and a beta of 1.09.

Arcos Dorados Profile

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.