Aramark (ARMK) : Samlyn Capital reduced its stake in Aramark by 23.17% during the most recent quarter end. The investment management company now holds a total of 5,360,248 shares of Aramark which is valued at $195,488,245 after selling 1,616,351 shares in Aramark , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Aramark makes up approximately 4.84% of Samlyn Capital’s portfolio.
Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd sold out all of its stake in ARMK during the most recent quarter. The investment firm sold 600 shares of ARMK which is valued $21,882.Tower Research Capital (trc) boosted its stake in ARMK in the latest quarter, The investment management firm added 162 additional shares and now holds a total of 203 shares of Aramark which is valued at $7,476.Dekabank Deutsche Girozentrale reduced its stake in ARMK by selling 12,497 shares or 8.91% in the most recent quarter. The Hedge Fund company now holds 127,744 shares of ARMK which is valued at $4,704,812. Aramark makes up approx 0.05% of Dekabank Deutsche Girozentrale’s portfolio.Global Thematic Partners reduced its stake in ARMK by selling 314,988 shares or 17.48% in the most recent quarter. The Hedge Fund company now holds 1,487,416 shares of ARMK which is valued at $54,781,531. Aramark makes up approx 1.65% of Global Thematic Partners’s portfolio.California Public Employees Retirement System reduced its stake in ARMK by selling 2,700 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 83,800 shares of ARMK which is valued at $3,131,606. Aramark makes up approx 0.01% of California Public Employees Retirement System’s portfolio.
Aramark closed down -0.03 points or -0.09% at $34.08 with 35,85,031 shares getting traded on Monday. Post opening the session at $34.4, the shares hit an intraday low of $33.98 and an intraday high of $34.49 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Aramark reported $0.49 EPS for the quarter, based on the information available during the earnings call on Nov 15, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $3543.80 million for the quarter, compared to analysts expectations of $3668.99 million. During the same quarter in the previous year, the company posted $0.44 EPS.
Investors should note that on Nov 15, 2016, Aramark announced a cash dividend of $0.1030. The company’s management has announced Nov 23, 2016 as the ex-dividend date and fixed the record date on Nov 28, 2016. The payable date has been fixed on Dec 8, 2016.
Many Wall Street Analysts have commented on Aramark. Shares were Reiterated by RBC Capital Mkts on Nov 16, 2016 to “Top Pick” and Lowered the Price Target to $ 41 from a previous price target of $42 .Macquarie Initiated Aramark on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $44.
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.