Three Peaks Capital Management buys $16,262,950 stake in Aramark (ARMK)

Aramark (ARMK) : Three Peaks Capital Management scooped up 65,441 additional shares in Aramark during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 482,008 shares of Aramark which is valued at $16,262,950.Aramark makes up approximately 2.95% of Three Peaks Capital Management’s portfolio.

Other Hedge Funds, Including , Bluecrest Capital Management Ltd added ARMK to its portfolio by purchasing 25,300 company shares during the most recent quarter which is valued at $853,622. Aramark makes up approx 0.08% of Bluecrest Capital Management Ltd’s portfolio.Russell Frank Co boosted its stake in ARMK in the latest quarter, The investment management firm added 200,818 additional shares and now holds a total of 210,318 shares of Aramark which is valued at $7,047,756. Aramark makes up approx 0.01% of Russell Frank Co’s portfolio.Huntington National Bank boosted its stake in ARMK in the latest quarter, The investment management firm added 233 additional shares and now holds a total of 352 shares of Aramark which is valued at $11,796.Metlife Securities Inc boosted its stake in ARMK in the latest quarter, The investment management firm added 254 additional shares and now holds a total of 358 shares of Aramark which is valued at $12,161. Beacon Capital Management sold out all of its stake in ARMK during the most recent quarter. The investment firm sold 2 shares of ARMK which is valued $68.

Aramark opened for trading at $34.03 and hit $34.35 on the upside on Tuesday, eventually ending the session at $34.34, with a gain of 0.91% or 0.31 points. The heightened volatility saw the trading volume jump to 18,92,268 shares. Company has a market cap of $8,307 M.

On the company’s financial health, Aramark reported $0.39 EPS for the quarter, based on the information available during the earnings call on May 11, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $3574.80 million for the quarter, compared to analysts expectations of $3646.85 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Aramark. Aramark was Initiated by Berenberg to “Hold” on Apr 26, 2016. Nomura Initiated Aramark on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $39.Aramark was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

Aramark formerly ARAMARK Holdings Corporation is a global 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 2000 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 segments: 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.

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