Service Co. International (SCI) Position Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in Service Co. International (NYSE:SCI) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,400 shares of the company’s stock after selling 2,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Service Co. International were worth $1,769,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SCI. Public Employees Retirement System of Ohio lifted its stake in shares of Service Co. International by 10.3% in the third quarter. Public Employees Retirement System of Ohio now owns 678,441 shares of the company’s stock valued at $23,406,000 after buying an additional 63,444 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Service Co. International by 7.4% in the third quarter. California Public Employees Retirement System now owns 400,204 shares of the company’s stock valued at $13,807,000 after buying an additional 27,506 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Service Co. International in the third quarter valued at $7,214,000. Turtle Creek Asset Management Inc. lifted its stake in shares of Service Co. International by 37.3% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,365,250 shares of the company’s stock valued at $47,101,000 after buying an additional 371,250 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Service Co. International by 4.6% in the third quarter. Nordea Investment Management AB now owns 62,639 shares of the company’s stock valued at $2,161,000 after buying an additional 2,734 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

A number of research analysts have weighed in on SCI shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $40.00 price objective (up from $38.00) on shares of Service Co. International in a research note on Friday, November 3rd. Off Wall Street started coverage on shares of Service Co. International in a research report on Friday, December 15th. They set a “sell” rating on the stock. Zacks Investment Research lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Oppenheimer reissued a “buy” rating and set a $42.00 price target on shares of Service Co. International in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.00.

Shares of Service Co. International (SCI) traded down $0.54 during mid-day trading on Friday, reaching $36.70. 3,122,023 shares of the company’s stock traded hands, compared to its average volume of 1,240,000. The company has a market capitalization of $6,880.00, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 2.66. Service Co. International has a twelve month low of $29.20 and a twelve month high of $40.28.

In other Service Co. International news, VP Elisabeth G. Nash sold 47,000 shares of Service Co. International stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.64, for a total value of $1,675,080.00. Following the sale, the vice president now owns 164,441 shares of the company’s stock, valued at $5,860,677.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider R L. Waltrip sold 84,679 shares of Service Co. International stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the completion of the transaction, the insider now owns 765,762 shares of the company’s stock, valued at approximately $29,022,379.80. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

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Service Co. International Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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