AQR Capital Management LLC Acquires 29,992 Shares of Arko Corp. (NASDAQ:ARKO)

AQR Capital Management LLC increased its position in shares of Arko Corp. (NASDAQ:ARKO) by 39.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,932 shares of the company’s stock after purchasing an additional 29,992 shares during the period. AQR Capital Management LLC owned about 0.09% of Arko worth $664,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARKO. Vanguard Group Inc. increased its holdings in Arko by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,828,020 shares of the company’s stock valued at $21,820,000 after purchasing an additional 82,831 shares during the last quarter. CM Management LLC grew its holdings in shares of Arko by 41.7% during the second quarter. CM Management LLC now owns 1,020,000 shares of the company’s stock worth $6,395,000 after buying an additional 300,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Arko by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 666,222 shares of the company’s stock worth $4,177,000 after buying an additional 59,751 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Arko by 12.8% during the second quarter. Gabelli Funds LLC now owns 132,000 shares of the company’s stock worth $828,000 after buying an additional 15,000 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Arko by 14.7% during the second quarter. Rhumbline Advisers now owns 130,596 shares of the company’s stock worth $819,000 after buying an additional 16,745 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their price objective on Arko from $5.00 to $6.25 and gave the stock an “equal weight” rating in a report on Thursday, August 8th.

Arko Stock Performance

ARKO opened at $7.13 on Monday. Arko Corp. has a 12-month low of $4.09 and a 12-month high of $8.42. The stock has a market cap of $825.44 million, a price-to-earnings ratio of 27.42 and a beta of 0.46. The business has a 50 day moving average of $6.50 and a 200-day moving average of $5.92. The company has a quick ratio of 1.06, a current ratio of 1.58 and a debt-to-equity ratio of 3.97.

Arko (NASDAQ:ARKO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Arko had a net margin of 0.39% and a return on equity of 13.12%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts expect that Arko Corp. will post 0.31 earnings per share for the current year.

Arko Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.12 annualized dividend and a yield of 1.68%. Arko’s payout ratio is currently 46.16%.

Arko Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.