Hudson Bay Capital Management LP Grows Holdings in Aramark (NYSE:ARMK)

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.

In related news, EVP Lynn Mckee sold 94,518 shares of Aramark stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $42.00, for a total transaction of $3,969,756.00. Following the completion of the sale, the executive vice president now owns 301,579 shares in the company, valued at approximately $12,666,318. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Lauren A. Harrington sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $41.99, for a total transaction of $419,900.00. Following the completion of the sale, the senior vice president now directly owns 70,171 shares of the company’s stock, valued at $2,946,480.29. The disclosure for this sale can be found here. Corporate insiders own 10.30% of the company’s stock.

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 Profile

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.

See Also: Why do earnings reports matter?

Want to see what other hedge funds are holding ARMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aramark (NYSE:ARMK).

Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.