Gamco Investors INC. ET AL trimmed its stake in Aramark (NYSE:ARMK) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,450 shares of the company’s stock after selling 500 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Aramark were worth $1,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Aramark in the second quarter worth $32,000. AdvisorNet Financial Inc increased its stake in Aramark by 18.1% in the third quarter. AdvisorNet Financial Inc now owns 1,807 shares of the company’s stock valued at $79,000 after purchasing an additional 277 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new position in Aramark in the third quarter valued at $117,000. Cerebellum GP LLC acquired a new position in Aramark in the third quarter valued at $127,000. Finally, Squar Milner Financial Services LLC increased its stake in Aramark by 8.4% in the second quarter. Squar Milner Financial Services LLC now owns 3,712 shares of the company’s stock valued at $134,000 after purchasing an additional 288 shares during the last quarter. 98.18% of the stock is owned by institutional investors.

In other Aramark news, insider Keith Bethel sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $37.40, for a total transaction of $280,500.00. Following the completion of the sale, the insider now directly owns 43,692 shares in the company, valued at $1,634,080.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

NYSE:ARMK traded down $0.34 on Friday, hitting $42.99. 1,735,926 shares of the stock were exchanged, compared to its average volume of 3,218,916. The stock has a market cap of $10.75 billion, a PE ratio of 21.60, a PEG ratio of 2.26 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19. The stock has a fifty day moving average of $43.48 and a 200-day moving average of $37.73. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $45.04.

Several research firms recently commented on ARMK. Morgan Stanley upped their target price on Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Zacks Investment Research lowered Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Robert W. Baird upped their target price on Aramark from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Oppenheimer began coverage on Aramark in a research note on Thursday, August 22nd. They issued an “outperform” rating and a $50.00 target price for the company. Finally, Nomura upgraded Aramark from a “neutral” rating to a “buy” rating and upped their price target for the stock from $28.00 to $50.00 in a research note on Monday, August 19th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $45.27.

Aramark Company Profile

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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