74,400 Shares in ARKO Corp. $ARKO Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 74,400 shares of ARKO Corp., valued at approximately $294,000, representing around 0.06% ownership as of their most recent SEC filing.
• ARKO Corp. reported $0.16 earnings per share for the last quarter, exceeding analysts' expectations of $0.12, with a net revenue of $2 billion.
• Several analysts have recently revised their ratings for ARKO, with Raymond James Financial setting a price target of $8.00 and a "strong-buy" rating.

Strs Ohio purchased a new position in ARKO Corp. (NASDAQ:ARKO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 74,400 shares of the company's stock, valued at approximately $294,000. Strs Ohio owned about 0.06% of ARKO as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in ARKO in the fourth quarter worth approximately $53,000. Ameriprise Financial Inc. purchased a new stake in shares of ARKO during the 4th quarter worth approximately $68,000. Hsbc Holdings PLC purchased a new stake in shares of ARKO during the 1st quarter worth approximately $45,000. Corton Capital Inc. purchased a new stake in shares of ARKO during the 1st quarter worth approximately $45,000. Finally, PEAK6 LLC purchased a new stake in shares of ARKO during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

ARKO Stock Performance

NASDAQ:ARKO opened at $4.85 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07. ARKO Corp. has a fifty-two week low of $3.51 and a fifty-two week high of $7.84. The stock has a market cap of $546.79 million, a PE ratio of 60.63 and a beta of 0.78. The firm's fifty day simple moving average is $4.77 and its 200-day simple moving average is $4.47.

ARKO (NASDAQ:ARKO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. ARKO had a net margin of 0.18% and a return on equity of 5.50%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.04 billion. Analysts expect that ARKO Corp. will post 0.2 earnings per share for the current fiscal year.

ARKO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.5%. ARKO's dividend payout ratio is 150.00%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Raymond James Financial set a $8.00 price objective on shares of ARKO and gave the stock a "strong-buy" rating in a research report on Friday, August 8th. Zacks Research upgraded shares of ARKO to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of ARKO from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $7.13.

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.

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