Penserra Capital Management LLC Takes $240,000 Position in Aramark $ARMK

Penserra Capital Management LLC bought a new position in shares of Aramark (NYSE:ARMK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,754 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds have also bought and sold shares of the company. Harbour Investments Inc. raised its holdings in Aramark by 40,750.0% during the first quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock worth $28,000 after buying an additional 815 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Aramark by 160.7% during the second quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock worth $46,000 after acquiring an additional 678 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Aramark by 241.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after acquiring an additional 789 shares during the last quarter. Bayforest Capital Ltd bought a new position in Aramark in the 2nd quarter valued at about $51,000. Finally, Hantz Financial Services Inc. boosted its stake in Aramark by 1,323.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the company’s stock valued at $54,000 after purchasing an additional 1,204 shares during the last quarter.

Aramark Price Performance

Shares of NYSE:ARMK opened at $38.50 on Thursday. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The company’s 50-day moving average is $38.56 and its 200 day moving average is $39.63. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. The company has a market capitalization of $10.12 billion, a P/E ratio of 28.51 and a beta of 1.24.

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Aramark in a report on Tuesday, October 14th. Robert W. Baird raised shares of Aramark from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $47.00 in a report on Wednesday, August 6th. UBS Group lowered their target price on shares of Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Baird R W upgraded shares of Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.20.

Aramark Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.