Rs Investment Management Co buys $51,588,934 stake in Aramark (ARMK)

Aramark (ARMK) : Rs Investment Management Co scooped up 256,999 additional shares in Aramark during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,432,628 shares of Aramark which is valued at $51,588,934.Aramark makes up approximately 0.50% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , Boston Advisors reduced its stake in ARMK by selling 90 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 71,615 shares of ARMK which is valued at $2,578,856. Aramark makes up approx 0.06% of Boston Advisors’s portfolio. Financial Architects Inc added ARMK to its portfolio by purchasing 137 company shares during the most recent quarter which is valued at $4,933. Stoneridge Investment Partners added ARMK to its portfolio by purchasing 63,857 company shares during the most recent quarter which is valued at $2,299,491. Aramark makes up approx 0.32% of Stoneridge Investment Partners’s portfolio.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 closed down -0.39 points or -1.08% at $35.85 with 10,38,217 shares getting traded on Friday. Post opening the session at $36.17, the shares hit an intraday low of $35.78 and an intraday high of $36.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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