California State Teachers Retirement System Trims Position in Arko Corp. (NASDAQ:ARKO)

California State Teachers Retirement System trimmed its holdings in Arko Corp. (NASDAQ:ARKO) by 17.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,699 shares of the company’s stock after selling 10,708 shares during the period. California State Teachers Retirement System’s holdings in Arko were worth $334,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Arko by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,810 shares of the company’s stock worth $302,000 after purchasing an additional 1,572 shares in the last quarter. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 4,639 shares during the last quarter. Teton Advisors Inc. grew its position in shares of Arko by 5.0% in the fourth quarter. Teton Advisors Inc. now owns 105,000 shares of the company’s stock valued at $692,000 after purchasing an additional 5,000 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Arko by 25.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,373 shares of the company’s stock valued at $214,000 after purchasing an additional 6,497 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Arko by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 22,671 shares of the company’s stock valued at $149,000 after purchasing an additional 7,459 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Arko Price Performance

Shares of ARKO stock opened at $4.48 on Friday. The firm has a market cap of $513.77 million, a P/E ratio of 28.00 and a beta of 0.74. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13. Arko Corp. has a 1-year low of $3.51 and a 1-year high of $7.84. The firm has a fifty day moving average of $4.39 and a two-hundred day moving average of $5.50.

Arko (NASDAQ:ARKO) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS 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 business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.85 billion. As a group, research analysts anticipate that Arko Corp. will post 0.2 earnings per share for the current fiscal year.

Arko Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Monday, May 19th. Arko’s payout ratio is 400.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARKO. Capital One Financial began coverage on shares of Arko in a research report on Thursday, May 8th. They set an “overweight” rating and a $8.00 target price on the stock. Raymond James decreased their price target on shares of Arko from $11.00 to $10.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th. Stifel Nicolaus downgraded shares of Arko from a “buy” rating to a “hold” rating and cut their target price for the company from $8.50 to $7.50 in a research note on Thursday, February 27th. Wall Street Zen raised shares of Arko from a “sell” rating to a “hold” rating in a research note on Saturday, June 7th. Finally, BMO Capital Markets lifted their price target 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 analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.