Handelsbanken Fonder AB Trims Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Handelsbanken Fonder AB lessened its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432,330 shares of the restaurant operator's stock after selling 87,400 shares during the period. Handelsbanken Fonder AB owned about 0.21% of Arcos Dorados worth $3,147,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. TimesSquare Capital Management LLC increased its stake in Arcos Dorados by 31.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator's stock worth $10,720,000 after buying an additional 353,700 shares during the period. Bfsg LLC increased its stake in shares of Arcos Dorados by 22.7% during the fourth quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator's stock valued at $167,000 after buying an additional 4,230 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Arcos Dorados during the fourth quarter valued at approximately $90,000. Catalyst Capital Advisors LLC raised its position in shares of Arcos Dorados by 81.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 145,340 shares of the restaurant operator's stock worth $1,058,000 after acquiring an additional 65,340 shares in the last quarter. Finally, Aubrey Capital Management Ltd raised its stake in shares of Arcos Dorados by 48.9% during the 4th quarter. Aubrey Capital Management Ltd now owns 42,690 shares of the restaurant operator's stock worth $310,000 after acquiring an additional 14,014 shares in the last quarter. Institutional investors own 55.91% of the company's stock.

Arcos Dorados Stock Down 1.2 %

NYSE:ARCO traded down $0.10 during mid-day trading on Tuesday, hitting $8.16. 783,013 shares of the company's stock traded hands, compared to its average volume of 1,275,986. The company has a market capitalization of $1.72 billion, a P/E ratio of 11.65 and a beta of 1.13. Arcos Dorados Holdings Inc. has a twelve month low of $7.02 and a twelve month high of $12.13. 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 moving average of $7.67 and a 200 day moving average of $8.41.

Arcos Dorados Company 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.