Two Sigma Advisers LP cut its stake in Servicemaster Global Holdings Inc (NYSE:SERV) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,627 shares of the business services provider’s stock after selling 22,233 shares during the quarter. Two Sigma Advisers LP owned about 0.33% of Servicemaster Global worth $23,052,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $131,000. Advisory Services Network LLC purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $153,000. American International Group Inc. purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $163,000. M&T Bank Corp purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $214,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Servicemaster Global during the fourth quarter worth about $219,000.
Servicemaster Global Holdings Inc (NYSE SERV) opened at $50.37 on Tuesday. The company has a market capitalization of $6,867.53, a PE ratio of 13.36 and a beta of 0.95. Servicemaster Global Holdings Inc has a 52 week low of $36.34 and a 52 week high of $55.36. 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 (NYSE:SERV) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Servicemaster Global had a return on equity of 33.21% and a net margin of 17.51%. The business had revenue of $666.00 million during the quarter, compared to the consensus estimate of $665.27 million. During the same period last year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. analysts anticipate that Servicemaster Global Holdings Inc will post 2.57 EPS for the current fiscal year.
In other Servicemaster Global news, SVP James T. Lucke sold 16,737 shares of Servicemaster Global stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $51.70, for a total value of $865,302.90. Following the completion of the transaction, the senior vice president now directly owns 5,691 shares in the company, valued at $294,224.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marvin Davis sold 4,743 shares of Servicemaster Global stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $49.57, for a total value of $235,110.51. Following the completion of the transaction, the insider now owns 7,959 shares of the company’s stock, valued at $394,527.63. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
A number of brokerages have recently issued reports on SERV. William Blair began coverage on Servicemaster Global in a research report on Monday, January 29th. They set an “outperform” rating on the stock. ValuEngine upgraded Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Thursday, January 4th. Morgan Stanley decreased their price target on Servicemaster Global from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Instinet upgraded Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. Servicemaster Global currently has a consensus rating of “Buy” and an average price target 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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