Aramark (ARMK) Share Price Declined While First Manhattan Company Has Boosted Its Holding

April 17, 2018 - By Vivian Park

Aramark (NYSE:ARMK) LogoInvestors sentiment increased to 1.01 in Q4 2017. Its up 0.17, from 0.84 in 2017Q3. It is positive, as 32 investors sold ARMK 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. Endurance Wealth Mgmt Inc holds 87,185 shares or 0.6% of its portfolio. American Grp Inc Inc holds 0% or 5,366 shares in its portfolio. Campbell Com Investment Adviser Limited Liability owns 6,720 shares or 0.21% of their US portfolio. Tiaa Cref Inv Mngmt Ltd Limited Liability Company stated it has 3.52 million shares or 0.1% of all its holdings. Balyasny Asset Mngmt Ltd Limited Liability Company owns 12,814 shares. Caisse De Depot Et Placement Du Quebec owns 20,670 shares. Rmb Capital Mngmt has invested 0.01% in Aramark (NYSE:ARMK). 5.00M are held by State Street Corporation. Gsa Cap Prns Ltd Liability Partnership has 29,228 shares. Channing Mngmt Lc reported 379,292 shares or 0.55% of all its holdings. Bnp Paribas Asset Mgmt has invested 0.12% in Aramark (NYSE:ARMK). Raymond James Assoc reported 49,073 shares. 1,130 were accumulated by Captrust Financial Advisors. Trust Co Of Vermont accumulated 700 shares or 0% of the stock. Ameriprise Fincl Inc invested 0.02% in Aramark (NYSE:ARMK).

First Manhattan Company increased its stake in Aramark (ARMK) by 7.37% based on its latest 2017Q4 regulatory filing with the SEC. First Manhattan Company bought 355,984 shares as the company’s stock declined 7.48% with the market. The hedge fund held 5.19 million shares of the restaurants company at the end of 2017Q4, valued at $221.69 million, up from 4.83M at the end of the previous reported quarter. First Manhattan Company who had been investing in Aramark for a number of months, seems to be bullish on the $9.37B market cap company. The stock increased 0.90% or $0.34 during the last trading session, reaching $38.12. About 495,570 shares traded. Aramark (NYSE:ARMK) has risen 8.52% since April 17, 2017 and is uptrending. It has underperformed by 3.03% the S&P500.

First Manhattan Company, which manages about $20.51 billion and $18.25 billion US Long portfolio, decreased its stake in Newell Brands Inc (NYSE:NWL) by 757,804 shares to 2.89 million shares, valued at $89.37M in 2017Q4, according to the filing. It also reduced its holding in Western Union (NYSE:WU) by 342,292 shares in the quarter, leaving it with 1.34M shares, and cut its stake in Bioverativ Inc.

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 9 analyst reports since November 14, 2017 according to SRatingsIntel. The company was initiated on Tuesday, December 19 by Stifel Nicolaus. RBC Capital Markets maintained the shares of ARMK in report on Tuesday, February 6 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $48.0 target in Tuesday, December 19 report. The stock of Aramark (NYSE:ARMK) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, January 31. The rating was maintained by Nomura with “Buy” on Wednesday, November 15. The rating was maintained by Credit Suisse on Wednesday, January 24 with “Outperform”. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 18. The firm earned “Buy” rating on Tuesday, November 14 by RBC Capital Markets. Barclays Capital maintained the stock with “Hold” rating in Friday, December 22 report.

Aramark (NYSE:ARMK) Ratings Chart

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