Phoenix Financial Ltd. Has $33.40 Million Stock Holdings in ARKO Corp. $ARKO

Phoenix Financial Ltd. boosted its position in ARKO Corp. (NASDAQ:ARKO) by 20.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,309,430 shares of the company’s stock after buying an additional 1,239,512 shares during the quarter. Phoenix Financial Ltd. owned about 0.06% of ARKO worth $33,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in ARKO by 193.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock valued at $52,000 after purchasing an additional 8,115 shares during the period. CWM LLC lifted its holdings in ARKO by 131.8% in the third quarter. CWM LLC now owns 12,932 shares of the company’s stock valued at $59,000 after buying an additional 7,353 shares during the period. Creative Planning boosted its stake in ARKO by 37.9% in the second quarter. Creative Planning now owns 15,156 shares of the company’s stock valued at $64,000 after acquiring an additional 4,163 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new position in ARKO in the second quarter valued at approximately $88,000. Finally, Engineers Gate Manager LP acquired a new stake in ARKO during the 2nd quarter worth $88,000. 78.29% of the stock is owned by institutional investors.

ARKO Price Performance

Shares of ARKO stock opened at $5.19 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 3.93. ARKO Corp. has a 12-month low of $3.51 and a 12-month high of $7.84. The firm has a fifty day moving average of $4.77 and a 200-day moving average of $4.64. The firm has a market capitalization of $578.32 million, a price-to-earnings ratio of 47.19 and a beta of 0.86.

ARKO (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). ARKO had a return on equity of 6.95% and a net margin of 0.24%.The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. On average, equities research analysts forecast that ARKO Corp. will post 0.2 earnings per share for the current year.

ARKO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a yield of 2.3%. ARKO’s payout ratio is presently 109.09%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of ARKO in a research note on Monday, December 29th. Zacks Research downgraded ARKO from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded ARKO from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ARKO presently has a consensus rating of “Hold” and a consensus price target of $7.13.

ARKO Profile

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.