AQR Capital Management LLC Has $664,000 Position in Arko Corp. (NASDAQ:ARKO)

AQR Capital Management LLC increased its position in shares of Arko Corp. (NASDAQ:ARKO) by 39.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 105,932 shares of the company’s stock after purchasing an additional 29,992 shares during the quarter. AQR Capital Management LLC’s holdings in Arko were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in shares of Arko by 72.8% during the 2nd quarter. CWM LLC now owns 4,791 shares of the company’s stock valued at $30,000 after acquiring an additional 2,018 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Arko during the 1st quarter valued at $61,000. Arizona State Retirement System boosted its holdings in shares of Arko by 27.9% during the 2nd quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock valued at $116,000 after acquiring an additional 4,030 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Arko during the 2nd quarter valued at $119,000. Finally, MQS Management LLC acquired a new position in Arko during the 1st quarter worth about $132,000. Institutional investors own 78.29% of the company’s stock.

Arko Stock Up 3.9 %

Shares of ARKO opened at $7.13 on Monday. The company has a market capitalization of $825.44 million, a PE ratio of 27.42 and a beta of 0.46. Arko Corp. has a 12 month low of $4.09 and a 12 month high of $8.42. The stock’s 50-day moving average price is $6.50 and its two-hundred day moving average price is $5.92. The company has a current ratio of 1.58, a quick ratio of 1.06 and a debt-to-equity ratio of 3.97.

Arko (NASDAQ:ARKO) last announced its earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.41 billion. Arko had a return on equity of 13.12% and a net margin of 0.39%. During the same period in the previous year, the firm posted $0.11 earnings per share. On average, analysts anticipate that Arko Corp. will post 0.31 EPS for the current year.

Arko Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, August 19th. Arko’s dividend payout ratio (DPR) is presently 46.16%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their target price on Arko from $5.00 to $6.25 and gave the stock an “equal weight” rating in a report on Thursday, August 8th.

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.