Private Management Group Inc. Grows Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Private Management Group Inc. raised its position in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,167,857 shares of the restaurant operator's stock after acquiring an additional 815,198 shares during the quarter. Private Management Group Inc. owned approximately 1.50% of Arcos Dorados worth $23,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management lifted its stake in shares of Arcos Dorados by 27.2% in the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 1,540 shares during the period. R Squared Ltd purchased a new stake in Arcos Dorados during the fourth quarter valued at approximately $54,000. Quarry LP raised its position in Arcos Dorados by 273.6% in the third quarter. Quarry LP now owns 12,102 shares of the restaurant operator's stock worth $106,000 after acquiring an additional 8,863 shares during the period. Bfsg LLC boosted its stake in shares of Arcos Dorados by 13.8% during the 3rd quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator's stock worth $163,000 after acquiring an additional 2,255 shares during the last quarter. Finally, Navellier & Associates Inc. grew its position in shares of Arcos Dorados by 26.8% during the 3rd quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator's stock valued at $179,000 after acquiring an additional 4,342 shares during the period. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Stock Performance

Arcos Dorados stock traded down $0.04 during trading on Friday, reaching $7.90. The company had a trading volume of 1,307,798 shares, compared to its average volume of 1,355,716. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.29 and a beta of 1.13. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The firm's 50-day simple moving average is $7.60 and its 200 day simple moving average is $8.50. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $12.16.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Sell-side analysts forecast that Arcos Dorados Holdings Inc. will post 0.61 earnings per share 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.