Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its position in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 31.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,472,490 shares of the restaurant operator’s stock after buying an additional 353,700 shares during the quarter. TimesSquare Capital Management LLC owned about 0.70% of Arcos Dorados worth $10,720,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management raised its position in shares of Arcos Dorados by 27.2% during the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,540 shares during the period. R Squared Ltd acquired a new stake in shares of Arcos Dorados during the fourth quarter worth $54,000. Sanctuary Advisors LLC acquired a new stake in shares of Arcos Dorados during the fourth quarter worth $90,000. Quarry LP raised its position in shares of Arcos Dorados by 273.6% during the third quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after purchasing an additional 8,863 shares during the period. Finally, Navellier & Associates Inc. raised its position in shares of Arcos Dorados by 26.8% during the third quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator’s stock worth $179,000 after purchasing an additional 4,342 shares during the period. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Stock Up 1.1 %

Shares of Arcos Dorados stock opened at $8.44 on Thursday. The stock’s fifty day moving average is $7.64 and its 200-day moving average is $8.44. The firm has a market capitalization of $1.78 billion, a PE ratio of 12.05 and a beta of 1.13. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a 12-month low of $7.02 and a 12-month high of $12.13.

Arcos Dorados 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.