Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 64.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,863 shares of the restaurant operator’s stock after selling 567,437 shares during the period. Van ECK Associates Corp owned approximately 0.15% of Arcos Dorados worth $2,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in Arcos Dorados during the fourth quarter valued at approximately $2,051,000. Thompson Siegel & Walmsley LLC acquired a new stake in Arcos Dorados during the third quarter valued at approximately $1,557,000. Franklin Resources Inc. acquired a new stake in Arcos Dorados during the third quarter valued at approximately $12,101,000. Diamond Hill Capital Management Inc. acquired a new stake in Arcos Dorados during the third quarter valued at approximately $925,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Arcos Dorados by 12.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator’s stock valued at $3,895,000 after purchasing an additional 58,453 shares during the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Stock Up 0.7 %

Shares of NYSE:ARCO opened at $8.50 on Friday. 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 market cap of $1.79 billion, a PE ratio of 12.15 and a beta of 1.13. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $12.13. The firm has a 50 day simple moving average of $7.65 and a 200 day simple moving average of $8.44.

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.