Arko (NASDAQ:ARKO) Rating Lowered to Hold at Stifel Nicolaus

Arko (NASDAQ:ARKO) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Marketbeat reports. They presently have a $7.50 price objective on the stock, down from their previous price objective of $8.50. Stifel Nicolaus’ target price would indicate a potential upside of 66.30% from the company’s previous close.

Arko Trading Down 0.2 %

Shares of ARKO opened at $4.51 on Thursday. The business’s 50-day moving average price is $6.78 and its 200-day moving average price is $6.76. Arko has a twelve month low of $4.09 and a twelve month high of $7.84. The stock has a market cap of $522.13 million, a PE ratio of 28.19 and a beta of 0.50. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86.

Institutional Investors Weigh In On Arko

Hedge funds and other institutional investors have recently modified their holdings of the stock. MQS Management LLC purchased a new position in shares of Arko during the third quarter worth about $77,000. Intech Investment Management LLC purchased a new position in shares of Arko during the third quarter worth about $98,000. Quantbot Technologies LP purchased a new position in shares of Arko during the third quarter worth about $72,000. PDT Partners LLC grew its holdings in shares of Arko by 8.7% during the third quarter. PDT Partners LLC now owns 75,685 shares of the company’s stock worth $531,000 after purchasing an additional 6,031 shares in the last quarter. Finally, Readystate Asset Management LP grew its holdings in shares of Arko by 7.2% during the third quarter. Readystate Asset Management LP now owns 220,972 shares of the company’s stock worth $1,551,000 after purchasing an additional 14,845 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

About Arko

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.