Is Buying Aramark (NYSE:ARMK), Having Lower Short Interest a Winning Strategy?

September 16, 2018 - By Palma Niemeyer

Aramark (NYSE:ARMK) Logo

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.
Stone Ridge Asset Management Limited Liability Corp has invested 0.05% of its portfolio in Aramark (NYSE:ARMK). Old Mutual Customised Solutions (Proprietary) Limited reported 0.05% in Aramark (NYSE:ARMK). Shell Asset Mgmt holds 0.02% or 26,875 shares. Westpac Banking owns 14,268 shares for 0% of their portfolio. Andra Ap owns 147,900 shares or 0.15% of their US portfolio. Morgan Stanley reported 486,469 shares. Profund Advsrs Limited Liability Company holds 5,949 shares or 0.01% of its portfolio. The New York-based Steinberg Asset Mngmt Limited Liability Company has invested 0.38% in Aramark (NYSE:ARMK). Spears Abacus Limited Company holds 0.13% or 27,860 shares in its portfolio. Da Davidson And Communications stated it has 6,488 shares or 0% of all its holdings. Hbk Invs Limited Partnership holds 0.01% or 26,430 shares in its portfolio. Thrivent Financial For Lutherans accumulated 0% or 25,692 shares. Sumitomo Mitsui Asset Mgmt Com Ltd accumulated 83,643 shares. Glenmede Na has 0% invested in Aramark (NYSE:ARMK). The Idaho-based Mountain Pacific Inv Advisers Incorporated Id has invested 1.78% 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 1.44M 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. Nomura maintained Aramark (NYSE:ARMK) on Friday, September 7 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, August 8. The stock of Aramark (NYSE:ARMK) has “Equal-Weight” rating given on Thursday, September 13 by Morgan Stanley. The company was downgraded on Wednesday, August 8 by Robert W. Baird.

Aramark (NYSE:ARMK) Ratings Chart

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