Acadian Asset Management LLC lessened its holdings in Arcos Dorados Holding Inc (NYSE:ARCO) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,810,886 shares of the restaurant operator’s stock after selling 652,750 shares during the period. Acadian Asset Management LLC’s holdings in Arcos Dorados were worth $30,105,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. International Value Advisers LLC acquired a new position in shares of Arcos Dorados in the 3rd quarter valued at $64,237,000. INCA Investments LLC lifted its stake in shares of Arcos Dorados by 49.3% in the 4th quarter. INCA Investments LLC now owns 4,415,500 shares of the restaurant operator’s stock valued at $34,882,000 after purchasing an additional 1,457,207 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Arcos Dorados in the 3rd quarter valued at $6,458,000. River & Mercantile Asset Management LLP lifted its stake in shares of Arcos Dorados by 10.0% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 845,707 shares of the restaurant operator’s stock valued at $5,307,000 after purchasing an additional 76,582 shares during the last quarter. Finally, Legato Capital Management LLC lifted its stake in shares of Arcos Dorados by 21.2% in the 4th quarter. Legato Capital Management LLC now owns 486,338 shares of the restaurant operator’s stock valued at $3,842,000 after purchasing an additional 85,022 shares during the last quarter. 36.16% of the stock is currently owned by institutional investors and hedge funds.
ARCO stock opened at $8.38 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $1.80 billion, a P/E ratio of 13.74 and a beta of 1.06. Arcos Dorados Holding Inc has a 12-month low of $6.05 and a 12-month high of $10.00.
Several equities analysts have recently commented on the company. ValuEngine lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Bank of America reaffirmed an “underperform” rating on shares of Arcos Dorados in a research note on Tuesday, January 22nd. Finally, TheStreet raised Arcos Dorados from a “c+” rating to a “b-” rating in a research note on Monday, November 26th.
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About Arcos Dorados
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, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.
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