Zacks Investment Research Downgrades Arko (NASDAQ:ARKO) to Hold

Zacks Investment Research downgraded shares of Arko (NASDAQ:ARKO) from a buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “ARKO Holdings Ltd. whose primary asset is a controlling stake in GPM Investments. ARKO Holdings Ltd., formerly known as Haymaker Acquisition Corp. II, is based in RICHMOND, Va. “

Shares of NASDAQ:ARKO opened at $8.69 on Tuesday. The firm has a market capitalization of $1.08 billion, a PE ratio of 54.32 and a beta of 0.10. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.72 and a quick ratio of 1.21. The business has a 50-day moving average of $9.19 and a two-hundred day moving average of $9.23. Arko has a 12 month low of $7.32 and a 12 month high of $11.40.

Arko (NASDAQ:ARKO) last announced its quarterly earnings results on Tuesday, November 9th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.11 billion. Arko had a return on equity of 18.22% and a net margin of 0.58%. As a group, research analysts anticipate that Arko will post 0.43 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of ARKO. Morgan Stanley acquired a new stake in shares of Arko in the first quarter valued at about $94,000. Alliancebernstein L.P. acquired a new stake in shares of Arko in the second quarter valued at about $116,000. New York State Common Retirement Fund acquired a new stake in shares of Arko in the second quarter valued at about $162,000. Rhumbline Advisers acquired a new stake in shares of Arko in the second quarter valued at about $111,000. Finally, Rafferty Asset Management LLC purchased a new position in Arko in the second quarter valued at about $356,000. Institutional investors and hedge funds own 74.80% of the company’s stock.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents.

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