American Capital Advisory LLC Trims Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

American Capital Advisory LLC reduced its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 233,926 shares of the restaurant operator’s stock after selling 6,490 shares during the period. Arcos Dorados comprises 0.9% of American Capital Advisory LLC’s portfolio, making the stock its 23rd biggest position. American Capital Advisory LLC owned about 0.11% of Arcos Dorados worth $1,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ARCO. Bleakley Financial Group LLC boosted its position in Arcos Dorados by 8.9% in the 4th quarter. Bleakley Financial Group LLC now owns 194,707 shares of the restaurant operator’s stock valued at $1,417,000 after buying an additional 15,951 shares during the period. Private Management Group Inc. boosted its holdings in shares of Arcos Dorados by 34.7% in the fourth quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock valued at $23,062,000 after purchasing an additional 815,198 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Arcos Dorados by 12.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator’s stock worth $3,895,000 after purchasing an additional 58,453 shares in the last quarter. Spire Wealth Management increased its holdings in Arcos Dorados by 27.2% during the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,540 shares during the period. Finally, Inlet Private Wealth LLC raised its position in Arcos Dorados by 64.4% during the 4th quarter. Inlet Private Wealth LLC now owns 43,388 shares of the restaurant operator’s stock valued at $316,000 after purchasing an additional 17,000 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Price Performance

ARCO opened at $7.90 on Friday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.29 and a beta of 1.13. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a 12-month low of $7.02 and a 12-month high of $12.16. The business’s fifty day simple moving average is $7.61 and its 200-day simple moving average is $8.52.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. On average, equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current fiscal year.

Arcos Dorados Company Profile

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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.