TimesSquare Capital Management LLC Has $10.72 Million Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

TimesSquare Capital Management LLC grew its position in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 31.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,472,490 shares of the restaurant operator’s stock after acquiring an additional 353,700 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Arcos Dorados were worth $10,720,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Spire Wealth Management boosted its stake in shares of Arcos Dorados by 27.2% during the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after acquiring an additional 1,540 shares in the last quarter. R Squared Ltd bought a new stake in shares of Arcos Dorados during the 4th quarter worth about $54,000. Sanctuary Advisors LLC bought a new stake in shares of Arcos Dorados during the 4th quarter worth about $90,000. Quarry LP boosted its stake in shares of Arcos Dorados by 273.6% during the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after acquiring an additional 8,863 shares in the last quarter. Finally, Bfsg LLC boosted its stake in shares of Arcos Dorados by 22.7% during the 4th quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator’s stock worth $167,000 after acquiring an additional 4,230 shares in the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Stock Performance

ARCO opened at $8.44 on Thursday. The company has a market cap of $1.78 billion, a PE ratio of 12.05 and a beta of 1.13. The stock has a 50-day moving average of $7.64 and a 200-day moving average of $8.44. Arcos Dorados Holdings Inc. has a 52-week low of $7.02 and a 52-week high of $12.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.