Arko (NASDAQ:ARKO) Shares Gap Up to $4.28

Shares of Arko Corp. (NASDAQ:ARKO - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $4.28, but opened at $4.67. Arko shares last traded at $5.13, with a volume of 378,217 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ARKO shares. Wells Fargo & Company dropped their price target on shares of Arko from $7.00 to $5.00 and set an "equal weight" rating for the company in a research note on Friday, April 19th. BMO Capital Markets lowered their price objective on Arko from $8.00 to $7.00 and set a "market perform" rating for the company in a research report on Thursday, February 29th.

Arko Price Performance

The stock has a market capitalization of $583.33 million, a price-to-earnings ratio of 20.20 and a beta of 0.36. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.77. The stock has a fifty day moving average of $5.30 and a 200-day moving average of $6.95.

Arko (NASDAQ:ARKO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. Arko had a return on equity of 12.32% and a net margin of 0.37%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company earned $0.09 earnings per share. On average, equities research analysts predict that Arko Corp. will post 0.09 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the completion of the transaction, the insider now owns 11,683,980 shares of the company's stock, valued at approximately $78,983,704.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.60% of the company's stock.

Institutional Investors Weigh In On Arko

Several hedge funds have recently modified their holdings of ARKO. Principal Financial Group Inc. purchased a new stake in Arko during the first quarter worth approximately $61,000. MQS Management LLC acquired a new stake in Arko in the 3rd quarter valued at $95,000. Dark Forest Capital Management LP purchased a new position in Arko in the third quarter valued at about $101,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Arko during the fourth quarter worth about $104,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Arko in the third quarter worth about $123,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.