Handelsbanken Fonder AB Has $3.15 Million Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Handelsbanken Fonder AB lowered its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 432,330 shares of the restaurant operator’s stock after selling 87,400 shares during the quarter. Handelsbanken Fonder AB owned 0.21% of Arcos Dorados worth $3,147,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Emeth Value Capital LLC bought a new position in shares of Arcos Dorados during the fourth quarter worth $11,190,000. Franklin Resources Inc. bought a new position in Arcos Dorados during the third quarter worth about $12,101,000. Managed Asset Portfolios LLC bought a new stake in shares of Arcos Dorados in the third quarter worth about $7,389,000. Private Management Group Inc. raised its position in shares of Arcos Dorados by 34.7% during the fourth quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock worth $23,062,000 after purchasing an additional 815,198 shares during the period. Finally, Fiera Capital Corp bought a new position in shares of Arcos Dorados during the 3rd quarter valued at about $3,743,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of ARCO opened at $8.26 on Tuesday. The stock has a 50 day simple moving average of $7.67 and a 200 day simple moving average of $8.41. Arcos Dorados Holdings Inc. has a 52-week low of $7.02 and a 52-week high of $12.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a market capitalization of $1.74 billion, a PE ratio of 11.79 and a beta of 1.13.

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.