Short Interest Buzzer: After Reaching Milestone, Is Aramark (NYSE:ARMK)’s Short Interest Revealing Something?

November 24, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Buzzer: After Reaching Milestone, Is Aramark (NYSE:ARMK)’s Short Interest Revealing Something?

The stock of Aramark (NYSE:ARMK) registered a decrease of 6.34% in short interest. ARMK’s total short interest was 4.91M shares in November as published by FINRA. Its down 6.34% from 5.24M shares, reported previously. With 1.16M shares average volume, it will take short sellers 4 days to cover their ARMK’s short positions. The short interest to Aramark’s float is 2.03%. The stock increased 0.01% or $0.01 on November 23, hitting $35.16. Aramark (NYSE:ARMK) has risen 3.50% since April 22, 2016 and is uptrending. It has underperformed by 1.91% the S&P500.

Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The company has a market cap of $8.58 billion. The Firm operates through three divisions: Food and Support Services North America , Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform). It has a 30.38 P/E ratio. The Company’s FSS North America segment and FSS International segment provides food, refreshment, specialized dietary and supports services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure and other facilities serving the public in the United States and Canada.

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.57, from 1.61 in 2016Q1. The ratio turned negative, as 28 funds sold all Aramark shares owned while 73 reduced positions. 33 funds bought stakes while 130 increased positions. They now own 224.71 million shares or 1.05% less from 227.09 million shares in 2016Q1.
Natl Bank Of America De has 0.01% invested in the company for 1.54 million shares. Commonwealth Financial Bank Of owns 1,900 shares or 0% of their US portfolio. Winfield Assoc Inc last reported 0% of its portfolio in the stock. Everpoint Asset Lc holds 0.44% of its portfolio in Aramark (NYSE:ARMK) for 665,136 shares. Apg Asset Mngmt Nv accumulated 0.02% or 376,452 shares. Lionstone Cap Mngmt Ltd Liability Corp accumulated 10.25% or 496,300 shares. Castleark Mgmt Limited Com last reported 0.15% of its portfolio in the stock. Pnc Fincl Grp accumulated 0% or 48,960 shares. Stephens Ar has invested 0.24% of its portfolio in Aramark (NYSE:ARMK). Frontier Capital Mgmt Limited Liability, a Massachusetts-based fund reported 3.57 million shares. Airain Ltd holds 0.05% of its portfolio in Aramark (NYSE:ARMK) for 24,389 shares. Bluemar Cap Management Ltd Liability Corporation accumulated 120,100 shares or 1.94% of the stock. Moreover, Diam has 0.01% invested in Aramark (NYSE:ARMK) for 23,893 shares. Deutsche National Bank Ag reported 657,122 shares or 0.02% of all its holdings. Polaris Greystone Financial holds 1.95% of its portfolio in Aramark (NYSE:ARMK) for 375,774 shares.

Insider Transactions: Since May 27, 2016, the stock had 2 insider buys, and 1 insider sale for $1.18 million net activity. The insider Reynolds Stephen R sold 56,709 shares worth $2.10 million. Another trade for 87,566 shares valued at $3.02M was bought by FOSS ERIC J. SADOVE STEPHEN I had bought 7,500 shares worth $251,510 on Thursday, November 17.

Aramark (NYSE:ARMK) Ratings Coverage

Out of 9 analysts covering Aramark Holdings Corporation (NYSE:ARMK), 9 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Aramark Holdings Corporation has been the topic of 14 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded it to “Outperform” rating and $37 target price in Thursday, August 13 report. The stock of Aramark (NYSE:ARMK) earned “Overweight” rating by JP Morgan on Thursday, August 11. The stock of Aramark (NYSE:ARMK) has “Outperform” rating given on Friday, August 26 by Macquarie Research. The firm has “Top Pick” rating given on Thursday, August 13 by RBC Capital Markets. The firm has “Top Pick” rating by RBC Capital Markets given on Wednesday, November 16. The stock has “Top Pick” rating given by RBC Capital Markets on Thursday, August 11. The rating was initiated by Credit Suisse with “Outperform” on Friday, August 14. Bank of America maintained Aramark (NYSE:ARMK) on Thursday, August 11 with “Buy” rating. The stock of Aramark (NYSE:ARMK) has “Top Pick” rating given on Friday, November 6 by RBC Capital Markets. As per Tuesday, March 22, the company rating was initiated by Sterne Agee CRT.

ARMK Company Profile

Aramark, formerly ARAMARK Holdings Corporation, incorporated on May 12, 2006, is a global well-known provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients. The Company’s core market is North America. It serves students, patients, employees, sports fans and guests worldwide. It serves over 500 million meals annually to approximately five million students at colleges, universities, and K-12 schools, services over 2,000 healthcare facilities, caters to approximately 100 million sports fans, and operates in 22 countries in North America, Europe, Asia and South America, as of September 28, 2012. It operates in three reportable divisions: food and Support Services North America, or FSS North America, Food and Support Services International, or FSS International, and Uniform and Career Apparel, or Uniform. The Company’s business is generally focused around key client types, such as education, healthcare, business and industry, sports and leisure and corrections.

More important recent Aramark (NYSE:ARMK) news were published by: Moodys.com which released: “Moody’s upgrades Aramark CFR to Ba2, sr. sec. to Ba1, sr. uns. to B1” on November 17, 2016, also Fool.com published article titled: “Why Aramark Stock Plunged Today”, Philly.com published: “Joseph Neubauer: Aramark’s service-industry legend” on November 11, 2016. More interesting news about Aramark (NYSE:ARMK) was released by: Prnewswire.com and their article: “The American Heart Association and Aramark Announce Significant Progress …” with publication date: November 17, 2016.

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By Peter Erickson


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