Lionstone Capital Management Lowers stake in Aramark (ARMK)

Aramark (ARMK) : Lionstone Capital Management reduced its stake in Aramark by 13.69% during the most recent quarter end. The investment management company now holds a total of 496,300 shares of Aramark which is valued at $16.4 Million after selling 78,700 shares in Aramark , the firm said in a disclosure report filed with the SEC on May 13, 2016.Aramark makes up approximately 10.41% of Lionstone Capital Management’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec added ARMK to its portfolio by purchasing 99,300 company shares during the most recent quarter which is valued at $3.3 Million. Aramark makes up approx 0.01% of Caisse De Depot Et Placement Du Quebec’s portfolio. Atlantic Trust Group sold out all of its stake in ARMK during the most recent quarter. The investment firm sold 18,450 shares of ARMK which is valued $611,064.Menta Capital reduced its stake in ARMK by selling 31,988 shares or 76.55% in the most recent quarter. The Hedge Fund company now holds 9,800 shares of ARMK which is valued at $324,576. Aramark makes up approx 0.04% of Menta Capital’s portfolio. Thompson Siegel Walmsley added ARMK to its portfolio by purchasing 1,341,681 company shares during the most recent quarter which is valued at $44.4 Million. Aramark makes up approx 0.74% of Thompson Siegel Walmsley’s portfolio.Gamco Investors Et Al reduced its stake in ARMK by selling 1,600 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 56,700 shares of ARMK which is valued at $1.9 Million. Aramark makes up approx 0.01% of Gamco Investors Et Al’s portfolio.

Aramark opened for trading at $32.98 and hit $33.14 on the upside on Wednesday, eventually ending the session at $32.92, with a gain of 0.24% or 0.08 points. The heightened volatility saw the trading volume jump to 13,90,690 shares. Company has a market cap of $7,994 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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