Hudson Bay Capital Management LP raised its position in shares of Aramark (NYSE:ARMK) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Aramark were worth $2,501,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of ARMK. Endurance Wealth Management Inc. lifted its position in shares of Aramark by 98.2% in the fourth quarter. Endurance Wealth Management Inc. now owns 2,725 shares of the company’s stock valued at $105,000 after acquiring an additional 1,350 shares in the last quarter. Ossiam purchased a new position in Aramark in the 4th quarter worth approximately $190,000. The Manufacturers Life Insurance Company bought a new position in Aramark in the 4th quarter worth approximately $200,000. Financial Engines Advisors L.L.C. purchased a new stake in Aramark during the 4th quarter valued at approximately $209,000. Finally, Allstate Corp bought a new stake in shares of Aramark during the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 93.50% of the company’s stock.
A number of brokerages have issued reports on ARMK. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Friday, February 12th. TheStreet raised Aramark from a “d+” rating to a “c-” rating in a report on Wednesday, March 10th. Morgan Stanley increased their price target on Aramark from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 6th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Aramark in a research note on Sunday, March 14th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.08.
Shares of ARMK opened at $39.29 on Thursday. The company’s fifty day simple moving average is $39.26 and its 200-day simple moving average is $35.13. The company has a market cap of $9.98 billion, a P/E ratio of -21.47 and a beta of 1.88. The company has a current ratio of 1.99, a quick ratio of 1.81 and a debt-to-equity ratio of 3.35. Aramark has a twelve month low of $19.56 and a twelve month high of $43.12.
Aramark (NYSE:ARMK) last posted its quarterly earnings data on Monday, February 8th. The company reported ($0.31) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.10. Aramark had a negative net margin of 3.60% and a negative return on equity of 1.48%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm’s revenue for the quarter was down 35.5% on a year-over-year basis. Analysts predict that Aramark will post -0.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 3rd. Investors of record on Wednesday, February 17th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 16th. Aramark’s payout ratio is currently -258.82%.
Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States); Food and Support Services International (FSS International); and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.
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