UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,934 Shares of Arko Corp. (NASDAQ:ARKO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Arko Corp. (NASDAQ:ARKO) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,592 shares of the company’s stock after selling 9,934 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Arko were worth $1,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ARKO. The Manufacturers Life Insurance Company increased its position in shares of Arko by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company’s stock worth $206,000 after purchasing an additional 1,734 shares during the period. CWM LLC grew its stake in Arko by 72.8% during the second quarter. CWM LLC now owns 4,791 shares of the company’s stock worth $30,000 after buying an additional 2,018 shares in the last quarter. Arizona State Retirement System increased its holdings in Arko by 27.9% in the 2nd quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock valued at $116,000 after buying an additional 4,030 shares during the period. Copeland Capital Management LLC acquired a new position in shares of Arko in the 3rd quarter valued at approximately $39,000. Finally, American Century Companies Inc. lifted its holdings in shares of Arko by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 116,692 shares of the company’s stock worth $732,000 after acquiring an additional 9,377 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Arko Stock Performance

NASDAQ ARKO opened at $6.74 on Thursday. The firm’s 50 day simple moving average is $6.93 and its 200 day simple moving average is $6.53. The firm has a market capitalization of $780.30 million, a price-to-earnings ratio of 42.13 and a beta of 0.48. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. Arko Corp. has a 1 year low of $4.09 and a 1 year high of $8.42.

Arko (NASDAQ:ARKO) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Arko had a net margin of 0.27% and a return on equity of 8.88%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the business posted $0.17 EPS. As a group, research analysts expect that Arko Corp. will post 0.2 earnings per share for the current fiscal year.

Arko Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, November 19th. Arko’s dividend payout ratio is presently 75.00%.

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.