Charles Schwab Investment Management Inc. Decreases Holdings in Arko Corp. (NASDAQ:ARKO)

Charles Schwab Investment Management Inc. lowered its position in Arko Corp. (NASDAQ:ARKO) by 14.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 744,137 shares of the company’s stock after selling 127,104 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Arko were worth $4,904,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Arko by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,801,212 shares of the company’s stock worth $12,647,000 after purchasing an additional 14,623 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Arko by 24.0% during the 4th quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company’s stock worth $5,050,000 after buying an additional 148,269 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Arko by 598.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 239,683 shares of the company’s stock worth $1,683,000 after buying an additional 205,377 shares in the last quarter. Readystate Asset Management LP boosted its position in shares of Arko by 7.2% in the 3rd quarter. Readystate Asset Management LP now owns 220,972 shares of the company’s stock worth $1,551,000 after buying an additional 14,845 shares in the last quarter. Finally, Barclays PLC grew its stake in Arko by 98.2% in the 3rd quarter. Barclays PLC now owns 171,600 shares of the company’s stock valued at $1,203,000 after acquiring an additional 85,009 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut shares of Arko from a “buy” rating to a “hold” rating and cut their target price for the stock from $8.50 to $7.50 in a research report on Thursday, February 27th.

Arko Stock Performance

NASDAQ ARKO opened at $4.17 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. The stock has a market cap of $482.77 million, a price-to-earnings ratio of 26.06 and a beta of 0.61. Arko Corp. has a fifty-two week low of $3.76 and a fifty-two week high of $7.84. The business has a fifty day moving average of $5.95 and a 200-day moving average of $6.49.

Arko Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.88%. Arko’s dividend payout ratio (DPR) is 92.31%.

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.