Arko Corp. (NASDAQ:ARKO) Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Arko Corp. (NASDAQ:ARKO) by 67.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,661 shares of the company’s stock after buying an additional 97,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Arko worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Arko in the 4th quarter valued at about $368,000. Cetera Investment Advisers bought a new position in shares of Arko in the fourth quarter valued at approximately $92,000. Tower Research Capital LLC TRC boosted its holdings in shares of Arko by 90.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock valued at $64,000 after acquiring an additional 4,639 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Arko during the fourth quarter valued at approximately $195,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in Arko during the fourth quarter worth approximately $175,000. Institutional investors own 78.29% of the company’s stock.

Arko Stock Performance

Shares of NASDAQ ARKO opened at $4.36 on Monday. The stock’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $5.55. The stock has a market capitalization of $500.00 million, a price-to-earnings ratio of 27.25 and a beta of 0.74. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. Arko Corp. has a 52-week low of $3.51 and a 52-week high of $7.84.

Arko (NASDAQ:ARKO) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Arko had a return on equity of 8.88% and a net margin of 0.27%. As a group, sell-side analysts forecast that Arko Corp. will post 0.2 earnings per share for the current fiscal year.

Arko Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Monday, May 19th. Arko’s dividend payout ratio (DPR) is currently 400.00%.

Analyst Upgrades and Downgrades

ARKO has been the topic of several research analyst reports. Raymond James lowered their price target on Arko from $11.00 to $10.00 and set a “strong-buy” rating on the stock in a research report on Friday, May 9th. Capital One Financial started coverage on Arko in a report on Thursday, May 8th. They set an “overweight” rating and a $8.00 target price on the stock. Wall Street Zen upgraded shares of Arko from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus lowered shares of Arko from a “buy” rating to a “hold” rating and reduced their price objective for the company from $8.50 to $7.50 in a research report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price objective on shares of Arko from $4.50 to $5.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $7.35.

About Arko

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.