Investors are feeling more bearish on Arcos Dorados Holdings Inc. Cla lately if you put credence in the motion in short interest. The firm saw a rise in short interest of 16.56% as of October 13, 2017 from the last reporting period. Short shares grew 79,333 over that period. The days to cover increased to 2.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (ARCO). As of the end of the quarter Fisher Asset Management, LLC had bought a total of 1,383 shares growing its position 10.9%. The value in dollars increased from $94,000 to $141,000 a change of 50.0% quarter over quarter. Nationwide Fund Advisors reduced its ownership by selling 17,915 shares a decrease of 4.8% from 06/30/2017 to 09/30/2017. Nationwide Fund Advisors now controls 352,007 shares worth $3,538,000. The value of the position overall is up by 28.4%.
Victory Capital Management Inc downsized its investment by shedding 5,802 shares a decrease of 1.2% in the quarter. Victory Capital Management Inc owns 488,787 shares with a value of $4,912,000. The total value of its holdings increased 33.3%. As of quarter end Third Avenue Management LLC had disposed of 18,550 shares trimming its holdings by 1.9%. The value of the company’s investment in Arcos Dorados Holdings Inc. Cla went from $7,374,000 to $9,761,000 a change of $2,387,000 since the last quarter.
The company is so far trading unchanged from yesterday’s close of $10.00. Shares are trading at $10.00 marginally over the 50 day moving average of $9.92 and quite a bit higher than the 200 day moving average of $8.88. The 50 day moving average was up $0.08 or +0.81% and the 200 day average was up $1.12.
Arcos Dorados Holdings Inc. Cla’s P/E ratio is 38.46 and market capitalization is 2.11B.
Arcos Dorados Holdings Inc., launched on December 9, 2010, is a McDonald’s franchisee. The Company owns, operates and grants franchises of McDonald’s restaurants in approximately 20 countries and territories in Latin America and the Caribbean. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It operates in the Quick service restaurants (QSR) sub-segment of the fast food segment of the Latin American and Caribbean food service industry. The Company divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay..