Polaris Greystone Financial Group buys $13,347,492 stake in Aramark (ARMK)

Aramark (ARMK) : Polaris Greystone Financial Group scooped up 43,105 additional shares in Aramark during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 375,774 shares of Aramark which is valued at $13,347,492.Aramark makes up approximately 2.03% of Polaris Greystone Financial Group’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in ARMK in the latest quarter, The investment management firm added 1,271 additional shares and now holds a total of 32,208 shares of Aramark which is valued at $1,144,028. Aramark makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Signaturefd reduced its stake in ARMK by selling 170 shares or 72.96% in the most recent quarter. The Hedge Fund company now holds 63 shares of ARMK which is valued at $2,259.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.

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 $0.39 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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