GSA Capital Partners LLP Has $426,000 Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

GSA Capital Partners LLP lowered its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 49.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,805 shares of the restaurant operator’s stock after selling 46,990 shares during the quarter. GSA Capital Partners LLP’s holdings in Arcos Dorados were worth $426,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP grew its position in Arcos Dorados by 431.0% during the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock worth $29,000 after buying an additional 2,629 shares in the last quarter. Adalta Capital Management LLC acquired a new stake in Arcos Dorados during the first quarter worth approximately $111,000. Bank of New York Mellon Corp acquired a new stake in shares of Arcos Dorados in the 2nd quarter valued at $93,000. Lazard Asset Management LLC boosted its holdings in shares of Arcos Dorados by 35.4% in the 1st quarter. Lazard Asset Management LLC now owns 11,557 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 3,022 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Arcos Dorados in the 2nd quarter valued at $105,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Trading Up 0.3 %

Shares of ARCO stock opened at $8.53 on Thursday. The stock’s fifty day moving average price is $8.94 and its two-hundred day moving average price is $9.32. The company has a market cap of $1.80 billion, a PE ratio of 12.18, a P/E/G ratio of 2.78 and a beta of 1.16. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.07 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business posted $0.30 EPS. Arcos Dorados’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts predict that Arcos Dorados Holdings Inc. will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on 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 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.