Shares are trading at $10.60 just a bit higher than $9.78, the 50 day moving average and which is impressively higher than the 200 day moving average of $8.79. The 50 day moving average went up $0.82 or +8.37% and the 200 day average went up $1.81 or +20.57%. 1,167K shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of 5.79% under the normal average daily volume.
Short traders are more bullish on shares of Arcos Dorados Holdings Inc. Cla lately if you look at the fall in short interest. The company experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -4.26%. Short interest fell from 500,271 to 478,955 over that timeframe. With short interest at 478,955 and short average daily volume at 416,243, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.00% as of September 29.
These firms have modified their investment in ARCO. As of the end of the quarter Eqis Capital Management, Inc. had disposed of 233 shares trimming its stake by 1.7%. The value of the investment in (ARCO) increased from $102,000 to $135,000 a change of $33,000 quarter over quarter. Acadian Asset Management LLC cut its holdings by shedding 33,509 shares a decrease of 0.7% as of 09/30/2017. Acadian Asset Management LLC currently owns 4,766,604 shares worth $47,904,000. The total value of its holdings increased 34.0%.
As of quarter end Cutler Group LP had sold a total of 45 shares trimming its holdings by 2.8%. The value of the investment in Arcos Dorados Holdings Inc. Cla went from $12,000 to $15,000 a change of 25.0% quarter to quarter. Fisher Asset Management, LLC augmented its ownership by buying 1,383 shares an increase of 10.9% in the quarter. Fisher Asset Management, LLC controls 14,046 shares valued at $141,000. The value of the position overall is up by 50.0%.
Arcos Dorados Holdings Inc. Cla’s P/E ratio is 40.77 and the market value is 2.24B.
Arcos Dorados Holdings Inc., launched on December 9, 2010, is a McDonald’s franchisee. The Company owns, operates and grants franchises of McDonald’s restaurants in approximately 20 countries and territories in Latin America and the Caribbean. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It operates in the Quick service restaurants (QSR) sub-segment of the fast food segment of the Latin American and Caribbean food service industry. The Company divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay..