C WorldWide Group Holding A S reduced its position in Aramark (NYSE:ARMK) by 63.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,400 shares of the company’s stock after selling 26,200 shares during the period. C WorldWide Group Holding A S’s holdings in Aramark were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. CAPROCK Group Inc. raised its holdings in Aramark by 0.8% in the 2nd quarter. CAPROCK Group Inc. now owns 5,528 shares of the company’s stock worth $227,000 after purchasing an additional 43 shares during the period. Pitcairn Co. raised its holdings in Aramark by 3.2% in the 2nd quarter. Pitcairn Co. now owns 8,330 shares of the company’s stock worth $341,000 after purchasing an additional 255 shares during the period. Pacer Advisors Inc. raised its holdings in Aramark by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after purchasing an additional 374 shares during the period. Howard Hughes Medical Institute raised its holdings in Aramark by 0.7% in the 2nd quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock worth $2,353,000 after purchasing an additional 382 shares during the period. Finally, Utah Retirement Systems raised its holdings in Aramark by 0.9% in the 2nd quarter. Utah Retirement Systems now owns 44,500 shares of the company’s stock worth $1,824,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 93.75% of the company’s stock.
Aramark (ARMK) traded down $0.07 during trading hours on Monday, reaching $42.68. The company’s stock had a trading volume of 1,473,200 shares, compared to its average volume of 1,367,616. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $10,461.09, a PE ratio of 24.67, a PEG ratio of 1.77 and a beta of 0.50. Aramark has a twelve month low of $32.73 and a twelve month high of $44.12.
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A number of equities analysts recently commented on ARMK shares. BidaskClub cut Aramark from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada raised their target price on Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Nomura reaffirmed a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Morgan Stanley raised their target price on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research cut Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.17.
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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