Two Sigma Investments LP Sells 428,311 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Two Sigma Investments LP lessened its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 97.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,965 shares of the restaurant operator's stock after selling 428,311 shares during the quarter. Two Sigma Investments LP's holdings in Arcos Dorados were worth $87,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ARCO. Price T Rowe Associates Inc. MD increased its stake in shares of Arcos Dorados by 40.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock valued at $98,015,000 after buying an additional 3,851,704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Arcos Dorados by 96.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator's stock valued at $23,886,000 after acquiring an additional 1,606,821 shares during the last quarter. Franklin Resources Inc. increased its position in Arcos Dorados by 88.1% during the 4th quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator's stock valued at $19,008,000 after purchasing an additional 1,223,260 shares during the period. Moerus Capital Management LLC raised its holdings in Arcos Dorados by 11.0% during the 4th quarter. Moerus Capital Management LLC now owns 2,122,675 shares of the restaurant operator's stock worth $15,453,000 after purchasing an additional 210,133 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Arcos Dorados by 31.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator's stock worth $10,720,000 after purchasing an additional 353,700 shares during the period. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Arcos Dorados from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

Arcos Dorados Trading Down 0.0%

Shares of ARCO stock traded down $0.00 during mid-day trading on Tuesday, hitting $7.67. The company's stock had a trading volume of 1,203,826 shares, compared to its average volume of 1,390,826. The company has a market cap of $1.62 billion, a PE ratio of 11.80 and a beta of 0.62. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.81 and a current ratio of 0.86. The company's fifty day simple moving average is $7.53 and its 200-day simple moving average is $7.70. Arcos Dorados Holdings Inc. has a 52 week low of $6.66 and a 52 week high of $10.55.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Arcos Dorados had a return on equity of 26.70% and a net margin of 3.00%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts expect that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

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.