Lee Financial Co Purchases Shares of 195,000 ARKO Corp. $ARKO

Lee Financial Co acquired a new position in shares of ARKO Corp. (NASDAQ:ARKO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 195,000 shares of the company’s stock, valued at approximately $891,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Phoenix Financial Ltd. increased its position in ARKO by 20.4% during the 3rd quarter. Phoenix Financial Ltd. now owns 7,309,430 shares of the company’s stock valued at $33,404,000 after purchasing an additional 1,239,512 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of ARKO during the third quarter worth $2,444,000. Empowered Funds LLC acquired a new stake in shares of ARKO during the first quarter worth $1,335,000. Goldman Sachs Group Inc. raised its stake in ARKO by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock worth $3,013,000 after buying an additional 206,061 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in ARKO by 22.5% in the second quarter. JPMorgan Chase & Co. now owns 733,606 shares of the company’s stock valued at $3,103,000 after buying an additional 134,502 shares during the period. 78.29% of the stock is currently owned by institutional investors.

ARKO Stock Up 1.7%

ARKO stock opened at $5.31 on Friday. The stock’s 50 day simple moving average is $4.85 and its 200 day simple moving average is $4.66. The company has a market cap of $591.69 million, a P/E ratio of 48.28 and a beta of 0.86. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.18 and a current ratio of 1.62. ARKO Corp. has a fifty-two week low of $3.51 and a fifty-two week high of $7.84.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a report on Monday, December 29th. Zacks Research cut ARKO from a “strong-buy” rating to a “hold” rating in a research note 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 equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ARKO presently has a consensus rating of “Hold” and an average target price 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.