Marble Arch Investments LP trimmed its position in Servicemaster Global Holdings Inc (NYSE:SERV) by 25.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,276,057 shares of the business services provider’s stock after selling 786,943 shares during the period. Servicemaster Global makes up approximately 9.0% of Marble Arch Investments LP’s investment portfolio, making the stock its 3rd biggest holding. Marble Arch Investments LP’s holdings in Servicemaster Global were worth $116,693,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in shares of Servicemaster Global by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 708 shares during the period. BB&T Securities LLC raised its holdings in Servicemaster Global by 19.7% during the 3rd quarter. BB&T Securities LLC now owns 8,544 shares of the business services provider’s stock worth $399,000 after buying an additional 1,408 shares during the period. Amalgamated Bank raised its holdings in Servicemaster Global by 5.8% during the 4th quarter. Amalgamated Bank now owns 26,897 shares of the business services provider’s stock worth $1,379,000 after buying an additional 1,474 shares during the period. Gabelli Funds LLC raised its holdings in Servicemaster Global by 2.6% during the 4th quarter. Gabelli Funds LLC now owns 80,000 shares of the business services provider’s stock worth $4,102,000 after buying an additional 2,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Servicemaster Global by 34.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,948 shares of the business services provider’s stock worth $407,000 after buying an additional 2,042 shares during the period.
In other news, SVP James T. Lucke sold 16,737 shares of Servicemaster Global stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $51.70, for a total value of $865,302.90. Following the sale, the senior vice president now directly owns 5,691 shares in the company, valued at $294,224.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naren K. Gursahaney acquired 2,000 shares of the stock in a transaction dated Monday, March 5th. The stock was acquired at an average price of $50.20 per share, for a total transaction of $100,400.00. Following the completion of the acquisition, the director now directly owns 2,976 shares of the company’s stock, valued at $149,395.20. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.
Shares of Servicemaster Global Holdings Inc (NYSE SERV) opened at $50.87 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.26. Servicemaster Global Holdings Inc has a fifty-two week low of $36.34 and a fifty-two week high of $55.36. The stock has a market cap of $6,979.80, a P/E ratio of 24.45 and a beta of 0.95.
Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Servicemaster Global had a net margin of 17.51% and a return on equity of 33.21%. The company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $665.27 million. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. sell-side analysts predict that Servicemaster Global Holdings Inc will post 2.57 EPS for the current fiscal year.
SERV has been the topic of several research analyst reports. Royal Bank of Canada restated a “hold” rating and set a $46.00 target price on shares of Servicemaster Global in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, January 4th. William Blair initiated coverage on shares of Servicemaster Global in a report on Monday, January 29th. They set an “outperform” rating on the stock. Morgan Stanley raised their target price on shares of Servicemaster Global from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, Instinet upgraded shares of Servicemaster Global from a “reduce” rating to a “buy” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $53.08.
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About Servicemaster Global
ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
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