Arko (NASDAQ:ARKO) Downgraded to “Hold” Rating by Stifel Nicolaus

Arko (NASDAQ:ARKO) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. They presently have a $7.50 price objective on the stock, down from their prior price objective of $8.50. Stifel Nicolaus’ price target suggests a potential upside of 3.31% from the stock’s previous close.

Arko Price Performance

NASDAQ:ARKO opened at $7.26 on Thursday. The stock’s 50-day simple moving average is $6.87 and its 200 day simple moving average is $6.78. Arko has a 52-week low of $4.09 and a 52-week high of $8.09. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. The company has a market cap of $840.50 million, a P/E ratio of 45.38 and a beta of 0.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cannell Capital LLC grew its holdings in Arko by 55.8% during the fourth quarter. Cannell Capital LLC now owns 2,710,772 shares of the company’s stock worth $17,864,000 after purchasing an additional 971,158 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Arko by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,851,140 shares of the company’s stock worth $12,200,000 after acquiring an additional 202,576 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Arko by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,801,212 shares of the company’s stock valued at $12,647,000 after purchasing an additional 14,623 shares during the period. CM Management LLC boosted its holdings in shares of Arko by 2.9% during the 4th quarter. CM Management LLC now owns 1,050,000 shares of the company’s stock worth $6,920,000 after buying an additional 30,000 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Arko by 24.0% in the 4th quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company’s stock valued at $5,050,000 after buying an additional 148,269 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

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.