Aramark (NYSE:ARMK)’s Trend Up, Especially After Decreased Shorts

September 16, 2018 - By Elizabeth Bryant

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Investors sentiment decreased to 0.97 in Q2 2018. Its down 0.25, from 1.22 in 2018Q1. It dropped, as 29 investors sold Aramark shares while 101 reduced holdings. 36 funds opened positions while 90 raised stakes. 232.11 million shares or 2.73% more from 225.95 million shares in 2018Q1 were reported.
The Michigan-based Ls Inv Advisors Ltd Liability Company has invested 0.02% in Aramark (NYSE:ARMK). Sumitomo Life Ins Comm accumulated 15,192 shares. Glenview Management Limited Liability Com holds 5.06 million shares. Amalgamated Bancorporation invested in 0.04% or 46,434 shares. Putnam Fl Inv Management invested 0.03% of its portfolio in Aramark (NYSE:ARMK). Loeb Ptnrs invested 0.35% in Aramark (NYSE:ARMK). Private Advisor Gru Inc Limited Liability Co has invested 0.06% in Aramark (NYSE:ARMK). Asset Mgmt One Comm Limited invested 0.03% of its portfolio in Aramark (NYSE:ARMK). Three Peaks Cap Mgmt Limited Liability Company holds 43,870 shares. Comerica National Bank stated it has 11,718 shares. Oppenheimer Asset owns 60,298 shares for 0.05% of their portfolio. Nordea Ab reported 0% in Aramark (NYSE:ARMK). Paloma Ptnrs Mngmt Company owns 12,751 shares. Mitsubishi Ufj Trust Corporation has 0.03% invested in Aramark (NYSE:ARMK). California State Teachers Retirement Systems has 0.03% invested in Aramark (NYSE:ARMK).

Since August 29, 2018, it had 0 insider buys, and 1 insider sale for $619,961 activity.

The stock of Aramark (NYSE:ARMK) registered a decrease of 5.95% in short interest. ARMK’s total short interest was 11.85 million shares in September as published by FINRA. Its down 5.95% from 12.60M shares, reported previously. With 860,200 shares average volume, it will take short sellers 14 days to cover their ARMK’s short positions. The short interest to Aramark’s float is 4.84%.

The stock increased 0.50% or $0.21 during the last trading session, reaching $42.18. About 1.44 million shares traded. Aramark (NYSE:ARMK) has risen 1.98% since September 16, 2017 and is uptrending. It has underperformed by 13.64% the S&P500.

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company has market cap of $10.40 billion. It offers managed services include dining, catering, food service management, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction management, and capital project management. It has a 20.99 P/E ratio. The firm also provides non-clinical support services, such as patient food and nutrition, and retail food services; and facilities services comprising clinical equipment maintenance, environmental, laundry and linen distribution, plant operations, strategic/technical, energy and supply chain management, purchasing, and central transportation.

Aramark (NYSE:ARMK) Ratings Coverage

Among 5 analysts covering ARAMARK Holdings (NYSE:ARMK), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. ARAMARK Holdings had 7 analyst reports since April 17, 2018 according to SRatingsIntel. The stock has “Neutral” rating by Robert W. Baird on Wednesday, August 8. The firm has “Equal-Weight” rating given on Wednesday, August 8 by Morgan Stanley. The stock of Aramark (NYSE:ARMK) earned “Buy” rating by Nomura on Friday, September 7. Morgan Stanley maintained Aramark (NYSE:ARMK) rating on Thursday, September 13. Morgan Stanley has “Equal-Weight” rating and $45 target.

Aramark (NYSE:ARMK) Ratings Chart

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