According to Zacks, “ARKO Holdings Ltd. whose primary asset is a controlling stake in GPM Investments. ARKO Holdings Ltd., formerly known as Haymaker Acquisition Corp. II, is based in RICHMOND, Va. “
Separately, Capital One Financial restated an overweight rating on shares of Arko in a report on Friday, May 28th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Buy and an average price target of $12.25.
Arko (NASDAQ:ARKO) last released its quarterly earnings data on Wednesday, August 11th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.06. As a group, analysts anticipate that Arko will post 0.37 EPS for the current year.
In related news, major shareholder Davidson Kempner Partners sold 988,474 shares of the firm’s stock in a transaction dated Thursday, September 9th. The shares were sold at an average price of $9.91, for a total value of $9,795,777.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 32.73% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. CDAM UK Ltd purchased a new position in Arko during the 1st quarter valued at about $33,353,000. BlackRock Inc. increased its position in Arko by 20,670.0% during the 1st quarter. BlackRock Inc. now owns 1,361,056 shares of the company’s stock valued at $13,529,000 after purchasing an additional 1,354,503 shares during the period. Cannell Capital LLC purchased a new position in Arko during the 1st quarter valued at about $13,204,000. Shapiro Capital Management LLC purchased a new position in Arko during the 1st quarter valued at about $11,508,000. Finally, Phoenix Holdings Ltd. purchased a new position in Arko during the 1st quarter valued at about $10,151,000. 47.73% of the stock is currently owned by institutional investors.
Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents.
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