Aramark (ARMK) : Davidson Kempner Capital Management Lp added new position in Aramark during the most recent quarter end. The investment management firm now holds 1,475,000 shares of Aramark which is valued at $55,504,250 , the company said in a statement filed on Aug 15, 2016 with the SEC.Aramark makes up approximately 3.13% of Davidson Kempner Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd boosted its stake in ARMK in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 700 shares of Aramark which is valued at $26,341. Aramark makes up approx 0.05% of Point72 Asia (hong Kong) Ltd’s portfolio.Marshall Wace Llp boosted its stake in ARMK in the latest quarter, The investment management firm added 18,854 additional shares and now holds a total of 55,584 shares of Aramark which is valued at $2,091,626. Aramark makes up approx 0.02% of Marshall Wace Llp’s portfolio.Blackrock Group Ltd reduced its stake in ARMK by selling 9,956 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 1,135,058 shares of ARMK which is valued at $42,712,233. Aramark makes up approx 0.02% of Blackrock Group Ltd’s portfolio. Quantitative Investment Management added ARMK to its portfolio by purchasing 34,000 company shares during the most recent quarter which is valued at $1,207,680. Aramark makes up approx 0.05% of Quantitative Investment Management’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in ARMK in the latest quarter, The investment management firm added 28,898 additional shares and now holds a total of 375,176 shares of Aramark which is valued at $13,326,252. Aramark makes up approx 0.04% of Mizuho Trust Banking Ltd.’s portfolio.
Aramark closed down -0.07 points or -0.18% at $37.86 with 10,33,877 shares getting traded on Thursday. Post opening the session at $37.97, the shares hit an intraday low of $37.64 and an intraday high of $38.23 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Macquarie Initiated Aramark on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $44.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 Companys 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.