Creative Planning Has $393,000 Holdings in Arko Corp. (NASDAQ:ARKO)

Creative Planning decreased its stake in shares of Arko Corp. (NASDAQ:ARKO) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,018 shares of the company’s stock after selling 9,844 shares during the quarter. Creative Planning’s holdings in Arko were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC grew its position in shares of Arko by 72.8% during the 2nd quarter. CWM LLC now owns 4,791 shares of the company’s stock worth $30,000 after buying an additional 2,018 shares during the period. Arizona State Retirement System lifted its holdings in shares of Arko by 27.9% in the 2nd quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock worth $116,000 after purchasing an additional 4,030 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Arko in the 2nd quarter worth $119,000. MQS Management LLC bought a new position in shares of Arko in the 1st quarter worth $132,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Arko by 15.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,216 shares of the company’s stock worth $133,000 after purchasing an additional 3,092 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Arko Price Performance

Shares of NASDAQ:ARKO opened at $6.84 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.06 and a debt-to-equity ratio of 3.97. The stock’s fifty day simple moving average is $6.71 and its two-hundred day simple moving average is $6.14. Arko Corp. has a 1-year low of $4.09 and a 1-year high of $8.42. The stock has a market cap of $791.87 million, a PE ratio of 26.31 and a beta of 0.47.

Arko (NASDAQ:ARKO) last released its earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.41 billion. Arko had a return on equity of 13.12% and a net margin of 0.39%. During the same quarter in the previous year, the firm earned $0.11 earnings per share. As a group, analysts forecast that Arko Corp. will post 0.31 EPS for the current fiscal year.

Arko Company 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.