Arizona State Retirement System Acquires 3,651 Shares of Arko Corp. (NASDAQ:ARKO)

Arizona State Retirement System lifted its position in shares of Arko Corp. (NASDAQ:ARKOFree Report) by 24.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,840 shares of the company’s stock after purchasing an additional 3,651 shares during the period. Arizona State Retirement System’s holdings in Arko were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Arko by 149.7% during the first quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the company’s stock worth $26,000 after purchasing an additional 1,801 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Arko by 40.5% in the third quarter. Public Employees Retirement System of Ohio now owns 4,172 shares of the company’s stock valued at $39,000 after acquiring an additional 1,203 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in Arko in the third quarter valued at approximately $72,000. ProShare Advisors LLC bought a new stake in Arko in the second quarter valued at approximately $85,000. Finally, LPL Financial LLC bought a new stake in Arko in the second quarter valued at approximately $90,000. 75.02% of the stock is currently owned by institutional investors.

Arko Price Performance

Shares of NASDAQ:ARKO opened at $8.12 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 3.63. Arko Corp. has a twelve month low of $6.70 and a twelve month high of $9.10. The stock’s 50 day moving average is $7.98 and its 200-day moving average is $7.75. The firm has a market capitalization of $948.50 million, a price-to-earnings ratio of 23.88 and a beta of 0.34.

Analyst Ratings Changes

Several brokerages recently commented on ARKO. Wells Fargo & Company reduced their target price on Arko from $8.00 to $7.75 and set an “equal weight” rating on the stock in a report on Tuesday, November 7th. BMO Capital Markets cut Arko from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $10.00 to $8.00 in a report on Tuesday, November 14th.

Check Out Our Latest Stock Report on ARKO

Arko Company Profile

(Free Report)

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPM Petroleum 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.

See Also

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Institutional Ownership by Quarter for Arko (NASDAQ:ARKO)

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