Nuveen Asset Management LLC Sells 49,993 Shares of Arko Corp. (NASDAQ:ARKO)

Nuveen Asset Management LLC trimmed its holdings in Arko Corp. (NASDAQ:ARKO) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 340,961 shares of the company’s stock after selling 49,993 shares during the period. Nuveen Asset Management LLC owned about 0.29% of Arko worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its position in shares of Arko by 90.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock worth $64,000 after acquiring an additional 4,639 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Arko during the 4th quarter worth approximately $66,000. Victory Capital Management Inc. bought a new stake in Arko during the 4th quarter worth approximately $66,000. Ameriprise Financial Inc. purchased a new stake in shares of Arko in the fourth quarter worth approximately $68,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Arko in the fourth quarter worth approximately $92,000. 78.29% of the stock is owned by institutional investors.

Arko Trading Down 3.5%

Shares of Arko stock opened at $4.13 on Tuesday. The firm has a market cap of $473.63 million, a PE ratio of 25.81 and a beta of 0.72. Arko Corp. has a 1 year low of $3.51 and a 1 year high of $7.84. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13. The stock has a fifty day moving average price of $4.31 and a 200-day moving average price of $5.62.

Arko (NASDAQ:ARKO) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. Arko had a net margin of 0.27% and a return on equity of 8.88%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.85 billion. Equities research analysts anticipate that Arko Corp. will post 0.2 EPS for the current year.

Arko Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Monday, May 19th. Arko’s dividend payout ratio is currently 400.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets upped their price target on Arko from $4.50 to $5.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Raymond James reduced their target price on shares of Arko from $11.00 to $10.00 and set a “strong-buy” rating for the company in a research note on Friday, May 9th. Capital One Financial assumed coverage on shares of Arko in a research report on Thursday, May 8th. They set an “overweight” rating and a $8.00 price target on the stock. Stifel Nicolaus downgraded shares of Arko from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $8.50 to $7.50 in a research report on Thursday, February 27th. Finally, Wall Street Zen lowered shares of Arko from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.35.

Arko Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.