Kensico Capital Management Corp Has Cut Its Aramark (ARMK) Stake by $23.95 Million

Aramark (NYSE:ARMK) LogoInvestors sentiment decreased to 0.86 in 2019 Q2. Its down 0.46, from 1.32 in 2019Q1. It fall, as 40 investors sold ARMK shares while 108 reduced holdings. 49 funds opened positions while 79 raised stakes. 205.72 million shares or 9.06% less from 226.21 million shares in 2019Q1 were reported. Price T Rowe Assoc Md owns 0.03% invested in Aramark (NYSE:ARMK) for 5.82M shares. River Road Asset Mgmt Limited Co reported 0.39% stake. Voya Inv Ltd Limited Liability Company reported 47,606 shares or 0% of all its holdings. Sumitomo Life Company invested in 14,271 shares or 0.06% of the stock. Livforsakringsbolaget Skandia Omsesidigt reported 0.01% stake. Citigroup invested in 0.03% or 970,746 shares. Atlanta Cap L L C holds 2.99% or 18.47M shares. Commonwealth Retail Bank Of Australia holds 38,008 shares. Stifel invested in 0% or 34,897 shares. Tortoise Management Limited Liability invested in 675 shares or 0.01% of the stock. Mai Mgmt has 28,052 shares. Tower Research Ltd Liability Company (Trc) reported 570 shares. Fjarde Ap invested in 90,338 shares. Envestnet Asset Mgmt Incorporated owns 72,587 shares for 0% of their portfolio. Alliancebernstein LP holds 0% or 158,513 shares.

Kensico Capital Management Corp decreased its stake in Aramark (ARMK) by 7.86% based on its latest 2019Q2 regulatory filing with the SEC. Kensico Capital Management Corp sold 665,200 shares as the company’s stock rose 17.39% . The hedge fund held 7.80 million shares of the restaurants company at the end of 2019Q2, valued at $281.24 million, down from 8.46M at the end of the previous reported quarter. Kensico Capital Management Corp who had been investing in Aramark for a number of months, seems to be less bullish one the $10.53 billion market cap company. The stock decreased 1.09% or $0.47 during the last trading session, reaching $42.65. About 690,597 shares traded. Aramark (NYSE:ARMK) has declined 8.93% since September 13, 2018 and is downtrending. It has underperformed by 8.93% the S&P500.

Analysts await Aramark (NYSE:ARMK) to report earnings on November, 12. They expect $0.64 EPS, 0.00 % or $0.00 from last year’s $0.64 per share. ARMK’s profit will be $158.03M for 16.66 P/E if the $0.64 EPS becomes a reality. After $0.47 actual EPS reported by Aramark for the previous quarter, Wall Street now forecasts 36.17 % EPS growth.

More notable recent Aramark (NYSE:ARMK) news were published by: Finance.Yahoo.com which released: “Jim Cramer Weighs In On GlaxoSmithKline, Wynn Resorts And More – Yahoo Finance” on August 28, 2019, also Bizjournals.com with their article: “Philadelphia companies hit hard by sharp stock market declines – Philadelphia Business Journal” published on August 15, 2019, Finance.Yahoo.com published: “Why Aramark’s (NYSE:ARMK) Return On Capital Employed Might Be A Concern – Yahoo Finance” on May 20, 2019. More interesting news about Aramark (NYSE:ARMK) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For August 23, 2019 – Benzinga” published on August 23, 2019 as well as Streetinsider.com‘s news article titled: “Mantle Ridge Discloses 20% Stake in Aramark (ARMK), Not Bidding for Company – Filing – StreetInsider.com” with publication date: August 16, 2019.

Aramark (NYSE:ARMK) Ratings Coverage

Among 2 analysts covering Aramark (NYSE:ARMK), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Aramark has $4000 highest and $28 lowest target. $34’s average target is -20.28% below currents $42.65 stock price. Aramark had 7 analyst reports since March 18, 2019 according to SRatingsIntel. Robert W. Baird downgraded it to “Neutral” rating and $4000 target in Wednesday, August 7 report. Goldman Sachs maintained Aramark (NYSE:ARMK) rating on Thursday, March 21. Goldman Sachs has “Hold” rating and $34 target. Nomura downgraded the shares of ARMK in report on Monday, March 18 to “Neutral” rating.

Aramark (NYSE:ARMK) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.