Aigen Investment Management LP Raises Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Aigen Investment Management LP grew its position in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 166.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,277 shares of the restaurant operator’s stock after acquiring an additional 22,053 shares during the quarter. Aigen Investment Management LP’s holdings in Arcos Dorados were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. acquired a new stake in Arcos Dorados during the 4th quarter worth $2,051,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Arcos Dorados in the third quarter valued at about $1,557,000. Franklin Resources Inc. acquired a new stake in shares of Arcos Dorados during the third quarter worth about $12,101,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Arcos Dorados during the third quarter worth about $925,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Arcos Dorados by 12.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator’s stock valued at $3,895,000 after acquiring an additional 58,453 shares during the period. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Arcos Dorados Stock Up 1.6 %

ARCO opened at $8.04 on Monday. The business has a 50 day moving average price of $7.75 and a two-hundred day moving average price of $8.30. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $11.96. The company has a market cap of $1.69 billion, a PE ratio of 11.48 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40.

About Arcos Dorados

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.