As Hdfc Bank LTD (HDB) Stock Value Rose, Matthews International Capital Management Cut Position by $1.70 Million; Massachusetts Financial Services Company Has Decreased Its Stake in Aramark (ARMK) by $14.94 Million as Stock Price Rose

February 15, 2018 - By Vivian Park

Matthews International Capital Management Llc decreased its stake in Hdfc Bank Ltd (HDB) by 7.87% based on its latest 2017Q3 regulatory filing with the SEC. Matthews International Capital Management Llc sold 17,669 shares as the company’s stock rose 20.33% with the market. The institutional investor held 206,922 shares of the commercial banks company at the end of 2017Q3, valued at $19.94M, down from 224,591 at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Hdfc Bank Ltd for a number of months, seems to be less bullish one the $77.27 billion market cap company. The stock decreased 1.43% or $1.47 during the last trading session, reaching $100.75. About 180,922 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 36.23% since February 15, 2017 and is uptrending. It has outperformed by 19.53% the S&P500.

Massachusetts Financial Services Company decreased its stake in Aramark (ARMK) by 3.27% based on its latest 2017Q3 regulatory filing with the SEC. Massachusetts Financial Services Company sold 373,508 shares as the company’s stock rose 2.38% with the market. The institutional investor held 11.04 million shares of the restaurants company at the end of 2017Q3, valued at $448.43 million, down from 11.42M at the end of the previous reported quarter. Massachusetts Financial Services Company who had been investing in Aramark for a number of months, seems to be less bullish one the $10.27 billion market cap company. The stock increased 1.48% or $0.61 during the last trading session, reaching $41.76. About 538,357 shares traded. Aramark (NYSE:ARMK) has risen 13.66% since February 15, 2017 and is uptrending. It has underperformed by 3.04% the S&P500.

Massachusetts Financial Services Company, which manages about $230.32B US Long portfolio, upped its stake in Michaels Cos Inc (NASDAQ:MIK) by 1.85M shares to 4.49M shares, valued at $96.40M in 2017Q3, according to the filing. It also increased its holding in Forrester Resh Inc (NASDAQ:FORR) by 61,554 shares in the quarter, for a total of 332,411 shares, and has risen its stake in Cathay Gen Bancorp (NASDAQ:CATY).

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.38, from 1.22 in 2017Q2. It dropped, as 32 investors sold ARMK shares while 104 reduced holdings. 29 funds opened positions while 85 raised stakes. 228.50 million shares or 0.02% more from 228.44 million shares in 2017Q2 were reported. Kensico Capital accumulated 5.25% or 8.52M shares. State Street Corporation invested in 0.02% or 4.94M shares. Barclays Public Limited Company stated it has 28,491 shares. Mark Sheptoff Planning Ltd Company reported 0.03% of its portfolio in Aramark (NYSE:ARMK). Cwm Limited Liability invested in 107 shares. Of Vermont holds 0% of its portfolio in Aramark (NYSE:ARMK) for 700 shares. State Common Retirement Fund has invested 0.03% in Aramark (NYSE:ARMK). Macquarie Gru, a Australia-based fund reported 328,731 shares. Clinton Grp Inc Inc invested in 0.05% or 10,974 shares. 58,306 are held by Oppenheimer Asset Incorporated. Pictet Asset Mngmt has invested 0.01% of its portfolio in Aramark (NYSE:ARMK). Pitcairn has invested 0.04% in Aramark (NYSE:ARMK). American Century Incorporated has 116,491 shares for 0% of their portfolio. Asset has 0.01% invested in Aramark (NYSE:ARMK). Amalgamated Fincl Bank has invested 0.06% in Aramark (NYSE:ARMK).

Among 14 analysts covering Aramark Holdings Corporation (NYSE:ARMK), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Aramark Holdings Corporation had 38 analyst reports since August 13, 2015 according to SRatingsIntel. RBC Capital Markets maintained Aramark (NYSE:ARMK) rating on Tuesday, October 3. RBC Capital Markets has “Buy” rating and $44.0 target. Morgan Stanley maintained the shares of ARMK in report on Wednesday, January 31 with “Equal-Weight” rating. The rating was maintained by Nomura on Thursday, August 11 with “Buy”. The company was maintained on Thursday, January 18 by RBC Capital Markets. Nomura maintained it with “Buy” rating and $45 target in Wednesday, November 15 report. The firm earned “Conviction Buy” rating on Thursday, March 2 by Goldman Sachs. Robert W. Baird maintained it with “Buy” rating and $45.0 target in Monday, September 11 report. The firm has “Overweight” rating by Barclays Capital given on Thursday, August 11. The company was maintained on Wednesday, January 24 by Credit Suisse. As per Thursday, August 11, the company rating was maintained by JP Morgan.

Matthews International Capital Management Llc, which manages about $24.94 billion and $2.42 billion US Long portfolio, upped its stake in Oclaro Inc (NASDAQ:OCLR) by 132,100 shares to 772,100 shares, valued at $6.66 million in 2017Q3, according to the filing. It also increased its holding in Tarena Intl Inc (NASDAQ:TEDU) by 38,300 shares in the quarter, for a total of 254,900 shares, and has risen its stake in Jd Com Inc (NASDAQ:JD).

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. On Wednesday, September 2 the stock rating was downgraded by Zacks to “Sell”. The stock of HDFC Bank Limited (NYSE:HDB) has “Hold” rating given on Monday, September 21 by Zacks. As per Thursday, August 27, the company rating was downgraded by Zacks. The stock has “Buy” rating by Goldman Sachs on Wednesday, September 14. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, March 21.

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