Citigroup INC Lowered Aramark (ARMK) Position as Share Value Declined

Aramark (NYSE:ARMK) LogoInvestors sentiment increased to 1.34 in Q4 2018. Its up 0.06, from 1.28 in 2018Q3. It improved, as 38 investors sold ARMK shares while 84 reduced holdings. 61 funds opened positions while 102 raised stakes. 232.97 million shares or 1.56% less from 236.66 million shares in 2018Q3 were reported. Merian Investors (Uk) Limited invested 0% in Aramark (NYSE:ARMK). Echo Street Capital Mngmt Ltd Liability Corporation accumulated 1.53M shares or 1.12% of the stock. Bank & Trust Of Montreal Can holds 0.01% or 247,213 shares. Bokf Na accumulated 0.02% or 18,212 shares. Fmr Ltd reported 16.75 million shares. Signaturefd Ltd Llc invested in 200 shares or 0% of the stock. Manufacturers Life Insurance The, Ontario – Canada-based fund reported 6,983 shares. Sumitomo Mitsui Hldg stated it has 995,069 shares or 0.03% of all its holdings. Lord Abbett & Ltd Liability Corp invested in 1.25 million shares or 0.13% of the stock. Chevy Chase Holdg Incorporated owns 67,428 shares. Ls Invest Advsr Ltd invested 0.01% in Aramark (NYSE:ARMK). Channing Capital Mngmt Limited Liability Corp holds 300,910 shares. Moreover, Jpmorgan Chase & has 0% invested in Aramark (NYSE:ARMK) for 62,118 shares. Engineers Gate Manager Lp invested in 0.76% or 327,225 shares. Rhumbline Advisers reported 0.01% stake.

Since December 12, 2018, it had 2 insider purchases, and 0 selling transactions for $3.20 million activity. FOSS ERIC J also bought $3.00 million worth of Aramark (NYSE:ARMK) on Wednesday, December 12.

Citigroup Inc decreased its stake in Aramark (ARMK) by 29.41% based on its latest 2018Q4 regulatory filing with the SEC. Citigroup Inc sold 344,165 shares as the company’s stock declined 19.73% while stock markets rallied. The institutional investor held 825,945 shares of the restaurants company at the end of 2018Q4, valued at $23.93M, down from 1.17M at the end of the previous reported quarter. Citigroup Inc who had been investing in Aramark for a number of months, seems to be less bullish one the $7.80B market cap company. The stock increased 0.29% or $0.09 during the last trading session, reaching $31.64. About 2.80 million shares traded. Aramark (NYSE:ARMK) has declined 25.17% since May 17, 2018 and is downtrending. It has underperformed by 29.54% the S&P500.

Citigroup Inc, which manages about $98.73B US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (Call) (NYSE:BABA) by 119,400 shares to 2.44 million shares, valued at $334.33 million in 2018Q4, according to the filing. It also increased its holding in Accenture Plc Ireland (NYSE:ACN) by 464,758 shares in the quarter, for a total of 670,058 shares, and has risen its stake in Walmart Inc (Put) (NYSE:WMT).

More notable recent Aramark (NYSE:ARMK) news were published by: Benzinga.com which released: “Earnings Scheduled For May 7, 2019 – Benzinga” on May 07, 2019, also Seekingalpha.com with their article: “Winter weather takes a toll at Aramark – Seeking Alpha” published on May 07, 2019, Finance.Yahoo.com published: “Aramark (ARMK) Q2 2019 Earnings Call Transcript – Yahoo Finance” on May 13, 2019. More interesting news about Aramark (NYSE:ARMK) were released by: Seekingalpha.com and their article: “Aramark Corporation (ARMK) CEO Eric Foss on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” published on May 09, 2019 as well as Streetinsider.com‘s news article titled: “Valueact’s 13F shows new stake in PG&E Corp. (PCG), Increase in Seagate (STX), Darling (DAR) (more…) – StreetInsider.com” with publication date: May 15, 2019.

Aramark (NYSE:ARMK) Ratings Coverage

Among 6 analysts covering Aramark (NYSE:ARMK), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Aramark had 8 analyst reports since November 20, 2018 according to SRatingsIntel. The firm has “Hold” rating by Goldman Sachs given on Thursday, March 21. The rating was upgraded by Berenberg on Thursday, January 17 to “Buy”. As per Wednesday, December 12, the company rating was maintained by Robert W. Baird. The stock of Aramark (NYSE:ARMK) has “Neutral” rating given on Monday, February 11 by Goldman Sachs. JP Morgan maintained it with “Overweight” rating and $44 target in Wednesday, December 12 report. The rating was downgraded by Nomura to “Neutral” on Monday, March 18.

Aramark (NYSE:ARMK) Ratings Chart

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