UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.59 Million Stake in Arko Corp. (NASDAQ:ARKO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Arko Corp. (NASDAQ:ARKO - Free Report) by 67.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,661 shares of the company's stock after acquiring an additional 97,069 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Arko worth $1,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in shares of Arko in the 4th quarter worth approximately $100,000. State of Wyoming grew its position in shares of Arko by 41.4% in the fourth quarter. State of Wyoming now owns 110,890 shares of the company's stock valued at $731,000 after purchasing an additional 32,492 shares during the period. ProShare Advisors LLC increased its stake in shares of Arko by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 22,671 shares of the company's stock valued at $149,000 after acquiring an additional 7,459 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Arko by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,810 shares of the company's stock valued at $302,000 after acquiring an additional 1,572 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Arko in the fourth quarter worth about $109,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Arko Stock Performance

ARKO stock traded down $0.15 during trading on Thursday, reaching $4.48. 365,472 shares of the stock were exchanged, compared to its average volume of 478,115. The stock has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $5.52. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. Arko Corp. has a twelve month low of $3.51 and a twelve month high of $7.84. The company has a market capitalization of $513.77 million, a P/E ratio of 28.00 and a beta of 0.74.

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

Arko Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ARKO shares. Capital One Financial started coverage on shares of Arko in a research report on Thursday, May 8th. They issued an "overweight" rating and a $8.00 target price for the company. Wall Street Zen upgraded shares of Arko from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th. Stifel Nicolaus cut Arko from a "buy" rating to a "hold" rating and decreased their price target for the stock from $8.50 to $7.50 in a research note on Thursday, February 27th. Raymond James reduced their price target 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. Finally, BMO Capital Markets boosted their price objective on Arko from $4.50 to $5.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $7.35.

Arko Company 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.