Navellier & Associates Inc. Increases Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Navellier & Associates Inc. increased its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,258 shares of the restaurant operator’s stock after purchasing an additional 1,700 shares during the quarter. Navellier & Associates Inc.’s holdings in Arcos Dorados were worth $162,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $52,000 after acquiring an additional 1,540 shares in the last quarter. R Squared Ltd purchased a new position in Arcos Dorados during the 4th quarter valued at about $54,000. Sanctuary Advisors LLC purchased a new position in Arcos Dorados during the 4th quarter valued at about $90,000. Quarry LP increased its holdings in Arcos Dorados by 273.6% during the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock valued at $106,000 after acquiring an additional 8,863 shares in the last quarter. Finally, Bfsg LLC increased its holdings in Arcos Dorados by 22.7% during the 4th quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator’s stock valued at $167,000 after acquiring an additional 4,230 shares in the last quarter. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Arcos Dorados Price Performance

Arcos Dorados stock opened at $8.39 on Monday. Arcos Dorados Holdings Inc. has a 12-month low of $7.02 and a 12-month high of $12.13. The stock has a market capitalization of $1.77 billion, a P/E ratio of 11.98 and a beta of 1.13. The firm’s 50-day moving average is $7.66 and its two-hundred day moving average is $8.42. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57.

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.