What’s Next for Aramark (NYSE:ARMK) After Having Less Shares Shorted?

May 16, 2018 - By Deanna Todd

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Investors sentiment increased to 1.01 in Q4 2017. Its up 0.17, from 0.84 in 2017Q3. It increased, as 32 investors sold Aramark shares while 95 reduced holdings. 46 funds opened positions while 82 raised stakes. 223.63 million shares or 2.13% less from 228.50 million shares in 2017Q3 were reported.
Mitsubishi Ufj Tru Bk Corporation accumulated 526,589 shares. The Georgia-based Earnest Prns Ltd has invested 0% in Aramark (NYSE:ARMK). State Of Wisconsin Investment Board invested in 219,570 shares or 0.03% of the stock. New York-based Rockefeller Svcs has invested 0.11% in Aramark (NYSE:ARMK). Campbell And Co Invest Adviser Ltd Liability Co has 0.21% invested in Aramark (NYSE:ARMK) for 6,720 shares. Jpmorgan Chase And reported 130,792 shares. Captrust Finance Advisors has invested 0% in Aramark (NYSE:ARMK). Thrivent Fincl For Lutherans stated it has 0.05% of its portfolio in Aramark (NYSE:ARMK). Segall Bryant Hamill Lc reported 0.91% stake. Principal Fincl Grp Inc Inc Inc holds 0.03% of its portfolio in Aramark (NYSE:ARMK) for 808,424 shares. Comgest Investors Sas reported 0.08% of its portfolio in Aramark (NYSE:ARMK). 13.20M are owned by Fmr Ltd. Guggenheim Cap Limited Company holds 6,187 shares or 0% of its portfolio. Royal State Bank Of Canada invested 0.01% of its portfolio in Aramark (NYSE:ARMK). Jefferies Group Llc, a New York-based fund reported 7,890 shares.

The stock of Aramark (NYSE:ARMK) registered a decrease of 1.15% in short interest. ARMK’s total short interest was 4.86M shares in May as published by FINRA. Its down 1.15% from 4.92 million shares, reported previously. With 1.06M shares average volume, it will take short sellers 5 days to cover their ARMK’s short positions. The short interest to Aramark’s float is 2%.

The stock increased 0.25% or $0.1 during the last trading session, reaching $38.14. About 1.09M shares traded. Aramark (NYSE:ARMK) has risen 8.52% since May 16, 2017 and is uptrending. It has underperformed by 3.03% 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 $9.38 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 19.25 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 6 analysts covering ARAMARK Holdings (NYSE:ARMK), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. ARAMARK Holdings had 8 analyst reports since December 19, 2017 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Thursday, January 18. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, January 24 report. The company was maintained on Tuesday, February 6 by RBC Capital Markets. Stifel Nicolaus initiated Aramark (NYSE:ARMK) rating on Tuesday, December 19. Stifel Nicolaus has “Buy” rating and $50.0 target. The rating was maintained by Barclays Capital with “Hold” on Friday, December 22. The stock of Aramark (NYSE:ARMK) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, January 31. The firm has “Buy” rating given on Tuesday, December 19 by RBC Capital Markets.

More news for Aramark (NYSE:ARMK) were recently published by: Bizjournals.com, which released: “Mount Ida food service provider Aramark to cut all 77 employees on campus” on April 24, 2018. Streetinsider.com‘s article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” and published on May 15, 2018 is yet another important article.

Aramark (NYSE:ARMK) Ratings Chart

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