Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. increased its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,258 shares of the restaurant operator’s stock after purchasing an additional 1,700 shares during the period. Navellier & Associates Inc.’s holdings in Arcos Dorados were worth $162,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ARCO. Hedges Asset Management LLC boosted its stake in Arcos Dorados by 18.8% during the 3rd quarter. Hedges Asset Management LLC now owns 331,500 shares of the restaurant operator’s stock worth $2,891,000 after purchasing an additional 52,500 shares during the period. Americana Partners LLC raised its position in Arcos Dorados by 24.5% during the 3rd quarter. Americana Partners LLC now owns 21,426 shares of the restaurant operator’s stock worth $187,000 after buying an additional 4,222 shares during the last quarter. Private Management Group Inc. raised its position in Arcos Dorados by 8.5% during the 3rd quarter. Private Management Group Inc. now owns 2,352,659 shares of the restaurant operator’s stock worth $20,515,000 after buying an additional 184,155 shares during the last quarter. Van ECK Associates Corp raised its position in Arcos Dorados by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 876,300 shares of the restaurant operator’s stock worth $7,852,000 after buying an additional 52,289 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Arcos Dorados during the 3rd quarter worth $698,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Stock Down 1.1 %

Shares of Arcos Dorados stock opened at $8.39 on Monday. The company has a market cap of $1.77 billion, a P/E ratio of 11.98 and a beta of 1.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados Holdings Inc. has a one year low of $7.02 and a one year high of $12.13. The firm has a fifty day moving average of $7.66 and a two-hundred day moving average of $8.42.

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