Corsair Capital Management Lowers stake in Aramark (ARMK)

Aramark (ARMK) : Corsair Capital Management reduced its stake in Aramark by 15.38% during the most recent quarter end. The investment management company now holds a total of 670,992 shares of Aramark which is valued at $25,323,238 after selling 121,997 shares in Aramark , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Aramark makes up approximately 3.76% of Corsair Capital Management’s portfolio.

Other Hedge Funds, Including , Mesirow Financial Investment Management – Equity Management added ARMK to its portfolio by purchasing 60,675 company shares during the most recent quarter which is valued at $2,289,875. Aramark makes up approx 0.13% of Mesirow Financial Investment Management – Equity Management’s portfolio.Princeton Alpha Management Lp reduced its stake in ARMK by selling 25,370 shares or 58.49% in the most recent quarter. The Hedge Fund company now holds 18,007 shares of ARMK which is valued at $643,390. Aramark makes up approx 0.11% of Princeton Alpha Management Lp’s portfolio.Thompson Siegel Walmsley boosted its stake in ARMK in the latest quarter, The investment management firm added 56,883 additional shares and now holds a total of 1,398,564 shares of Aramark which is valued at $49,970,692. Aramark makes up approx 0.75% of Thompson Siegel Walmsley’s portfolio.Quantbot Technologies Lp boosted its stake in ARMK in the latest quarter, The investment management firm added 18,941 additional shares and now holds a total of 24,781 shares of Aramark which is valued at $880,221. Aramark makes up approx 0.09% of Quantbot Technologies Lp’s portfolio.

Aramark closed down -0.08 points or -0.21% at $37.55 with 13,82,810 shares getting traded on Monday. Post opening the session at $37.76, the shares hit an intraday low of $37.54 and an intraday high of $37.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Aramark reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.32. The company had revenue of $3590.00 million for the quarter, compared to analysts expectations of $3576.94 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Aramark. Company shares were Reiterated by RBC Capital Mkts on Aug 11, 2016 to “Top Pick”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .

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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