195,000 Shares in ARKO Corp. $ARKO Bought by Lee Financial Co

Lee Financial Co purchased a new stake in ARKO Corp. (NASDAQ:ARKO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 195,000 shares of the company’s stock, valued at approximately $891,000. Lee Financial Co owned approximately 0.17% of ARKO as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Phoenix Financial Ltd. increased its stake in ARKO by 20.4% in the third quarter. Phoenix Financial Ltd. now owns 7,309,430 shares of the company’s stock valued at $33,404,000 after acquiring an additional 1,239,512 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in ARKO during the third quarter worth $2,444,000. Rock Creek Group LP acquired a new stake in shares of ARKO in the 2nd quarter valued at $158,000. Los Angeles Capital Management LLC bought a new position in shares of ARKO in the 2nd quarter valued at $117,000. Finally, Legal & General Group Plc raised its holdings in shares of ARKO by 42.4% during the 2nd quarter. Legal & General Group Plc now owns 73,475 shares of the company’s stock worth $311,000 after buying an additional 21,885 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research lowered ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of ARKO in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ARKO has an average rating of “Hold” and an average price target of $7.13.

ARKO Stock Up 1.7%

Shares of NASDAQ ARKO opened at $5.31 on Friday. The company has a 50 day simple moving average of $4.85 and a 200 day simple moving average of $4.66. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.62 and a quick ratio of 1.18. ARKO Corp. has a 1 year low of $3.51 and a 1 year high of $7.84. The firm has a market cap of $591.69 million, a PE ratio of 48.28 and a beta of 0.86.

ARKO (NASDAQ:ARKO) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. ARKO had a net margin of 0.24% and a return on equity of 6.95%. On average, research analysts forecast that ARKO Corp. will post 0.2 EPS for the current year.

About ARKO

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.