Scopia Capital Management LP acquired a new position in shares of ServiceMaster Global Holdings Inc. (NYSE:SERV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,436,713 shares of the company’s stock, valued at approximately $115,748,000. ServiceMaster Global Holdings accounts for about 2.0% of Scopia Capital Management LP’s portfolio, making the stock its 13th largest position.
Several other hedge funds have also added to or reduced their stakes in SERV. American International Group Inc. boosted its stake in ServiceMaster Global Holdings by 16.6% in the second quarter. American International Group Inc. now owns 3,342 shares of the company’s stock worth $133,000 after buying an additional 475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ServiceMaster Global Holdings by 14.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,158 shares of the company’s stock worth $140,000 after buying an additional 528 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in ServiceMaster Global Holdings by 62.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,444 shares of the company’s stock worth $150,000 after buying an additional 1,710 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in ServiceMaster Global Holdings during the third quarter worth about $269,000. Finally, Harbour Capital Advisors LLC acquired a new stake in ServiceMaster Global Holdings during the second quarter worth about $273,000.
Shares of ServiceMaster Global Holdings Inc. (NYSE:SERV) opened at 37.50 on Thursday. ServiceMaster Global Holdings Inc. has a 12-month low of $32.41 and a 12-month high of $42.21. The company’s 50-day moving average price is $38.02 and its 200 day moving average price is $37.10. The firm has a market capitalization of $5.05 billion, a PE ratio of 36.73 and a beta of 1.04.
ServiceMaster Global Holdings (NYSE:SERV) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. The firm earned $758 million during the quarter, compared to analyst estimates of $758 million. ServiceMaster Global Holdings had a return on equity of 44.95% and a net margin of 5.23%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. On average, equities analysts forecast that ServiceMaster Global Holdings Inc. will post $2.00 earnings per share for the current year.
SERV has been the subject of a number of recent analyst reports. TheStreet raised ServiceMaster Global Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, November 23rd. Morgan Stanley set a $45.00 price objective on ServiceMaster Global Holdings and gave the company a “buy” rating in a research report on Wednesday, September 21st. Finally, Zacks Investment Research raised ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.86.
In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 5,948 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $38.39, for a total transaction of $228,343.72. Following the completion of the sale, the insider now directly owns 31,021 shares of the company’s stock, valued at approximately $1,190,896.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan Haughie sold 42,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $38.67, for a total value of $1,624,140.00. Following the sale, the insider now directly owns 43,571 shares of the company’s stock, valued at $1,684,890.57. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
About ServiceMaster Global Holdings
ServiceMaster Global Holdings, Inc is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group.
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