California State Teachers Retirement System Decreases Stock Position in Arko Corp. (NASDAQ:ARKO)

California State Teachers Retirement System lessened its stake in shares of Arko Corp. (NASDAQ:ARKO) by 16.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,238 shares of the company’s stock after selling 11,001 shares during the period. California State Teachers Retirement System’s holdings in Arko were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Arko by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,039,264 shares of the company’s stock valued at $8,574,000 after buying an additional 28,883 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Arko during the 4th quarter worth approximately $104,000. Gabelli Funds LLC raised its holdings in shares of Arko by 300.0% during the 4th quarter. Gabelli Funds LLC now owns 80,000 shares of the company’s stock worth $660,000 after acquiring an additional 60,000 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Arko during the 1st quarter valued at approximately $61,000. Finally, Vanguard Group Inc. grew its holdings in shares of Arko by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,828,020 shares of the company’s stock valued at $21,820,000 after purchasing an additional 82,831 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

ARKO has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of Arko from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company lifted their price target on Arko from $5.00 to $6.25 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th.

Arko Stock Down 0.8 %

Shares of ARKO opened at $6.53 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 4.13. The business has a fifty day moving average of $6.19 and a 200 day moving average of $6.04. The company has a market cap of $755.81 million, a PE ratio of 25.12 and a beta of 0.45. Arko Corp. has a 52-week low of $4.09 and a 52-week high of $8.42.

Arko (NASDAQ:ARKO) last announced its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Arko had a net margin of 0.39% and a return on equity of 13.20%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company posted $0.11 EPS. On average, sell-side analysts expect that Arko Corp. will post 0.54 EPS for the current year.

Arko Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, August 19th. Arko’s payout ratio is currently 46.15%.

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.