Aramark (ARMK) : Shikiar Asset Management Inc scooped up 13,490 additional shares in Aramark during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 229,085 shares of Aramark which is valued at $8,283,714.Aramark makes up approximately 3.53% of Shikiar Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Rockefeller Financial Services Inc boosted its stake in ARMK in the latest quarter, The investment management firm added 84,082 additional shares and now holds a total of 84,350 shares of Aramark which is valued at $3,050,096. Aramark makes up approx 0.06% of Rockefeller Financial Services Inc’s portfolio.Sunnymeath Asset Management reduced its stake in ARMK by selling 18,500 shares or 50.96% in the most recent quarter. The Hedge Fund company now holds 17,800 shares of ARMK which is valued at $639,554. Aramark makes up approx 0.90% of Sunnymeath Asset Management’s portfolio.Creative Planning reduced its stake in ARMK by selling 50 shares or 9.8% in the most recent quarter. The Hedge Fund company now holds 460 shares of ARMK which is valued at $16,261.British Columbia Investment Management Corp boosted its stake in ARMK in the latest quarter, The investment management firm added 2,402 additional shares and now holds a total of 163,260 shares of Aramark which is valued at $5,637,368. Aramark makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ARMK by selling 1,321 shares or 16.04% in the most recent quarter. The Hedge Fund company now holds 6,917 shares of ARMK which is valued at $238,844.
Aramark opened for trading at $35.38 and hit $35.94 on the upside on Wednesday, eventually ending the session at $35.93, with a gain of 2.10% or 0.74 points. The heightened volatility saw the trading volume jump to 23,18,539 shares. Company has a market cap of $8,725 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.
Many Wall Street Analysts have commented on Aramark. Aramark was Initiated by Berenberg to “Hold” on Apr 26, 2016.
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.