Howard Hughes Medical Institute Lowers stake in Aramark (ARMK)

Aramark (ARMK) : Howard Hughes Medical Institute reduced its stake in Aramark by 7.75% during the most recent quarter end. The investment management company now holds a total of 59,070 shares of Aramark which is valued at $2,098,166 after selling 4,960 shares in Aramark , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Aramark makes up approximately 0.67% of Howard Hughes Medical Institute’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in ARMK in the latest quarter, The investment management firm added 377,700 additional shares and now holds a total of 969,100 shares of Aramark which is valued at $34,422,432. Aramark makes up approx 0.05% of Swiss National Bank’s portfolio.Comgest Global Investors S.a.s. boosted its stake in ARMK in the latest quarter, The investment management firm added 34,000 additional shares and now holds a total of 88,000 shares of Aramark which is valued at $3,168,880. Aramark makes up approx 0.09% of Comgest Global Investors S.a.s.’s portfolio.Msi Financial Services Inc boosted its stake in ARMK in the latest quarter, The investment management firm added 316 additional shares and now holds a total of 674 shares of Aramark which is valued at $24,271.Fox Run Management L.l.c. boosted its stake in ARMK in the latest quarter, The investment management firm added 12,700 additional shares and now holds a total of 21,700 shares of Aramark which is valued at $779,681. Aramark makes up approx 0.36% of Fox Run Management L.l.c.’s portfolio.

Aramark opened for trading at $35.72 and hit $35.89 on the upside on Monday, eventually ending the session at $35.76, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 15,35,132 shares. Company has a market cap of $8,683 M.

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.

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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