Stone Ridge Asset Management LLC Invests $205,000 in Servicemaster Global Holdings Inc (SERV)

Stone Ridge Asset Management LLC acquired a new stake in shares of Servicemaster Global Holdings Inc (NYSE:SERV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,306 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in Servicemaster Global by 6.1% during the second quarter. BlackRock Inc. now owns 6,044,048 shares of the business services provider’s stock valued at $359,440,000 after acquiring an additional 345,133 shares during the last quarter. Schroder Investment Management Group increased its position in Servicemaster Global by 4.1% during the second quarter. Schroder Investment Management Group now owns 2,102,802 shares of the business services provider’s stock valued at $126,000,000 after acquiring an additional 82,774 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in Servicemaster Global by 1.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,398,102 shares of the business services provider’s stock valued at $86,724,000 after acquiring an additional 26,316 shares during the last quarter. Davidson Kempner Capital Management LP increased its position in Servicemaster Global by 67.9% during the second quarter. Davidson Kempner Capital Management LP now owns 1,175,000 shares of the business services provider’s stock valued at $69,877,000 after acquiring an additional 475,000 shares during the last quarter. Finally, Iridian Asset Management LLC CT increased its position in Servicemaster Global by 4,068.3% during the second quarter. Iridian Asset Management LLC CT now owns 1,139,824 shares of the business services provider’s stock valued at $67,785,000 after acquiring an additional 1,112,479 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

A number of analysts recently commented on SERV shares. Morgan Stanley set a $61.00 price objective on Servicemaster Global and gave the company a “buy” rating in a research report on Thursday, September 13th. Stifel Nicolaus boosted their price target on Servicemaster Global from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. They noted that the move was a valuation call. Nomura boosted their price target on Servicemaster Global from $48.20 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. William Blair reissued a “buy” rating on shares of Servicemaster Global in a report on Tuesday, September 11th. Finally, Zacks Investment Research lowered Servicemaster Global from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.00.

NYSE:SERV opened at $42.21 on Friday. Servicemaster Global Holdings Inc has a 52-week low of $30.90 and a 52-week high of $45.64. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.15 and a quick ratio of 1.09. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.95 and a beta of 0.81.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). Servicemaster Global had a net margin of 16.61% and a return on equity of 23.65%. The company had revenue of $873.00 million for the quarter, compared to the consensus estimate of $865.00 million. During the same period in the prior year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts predict that Servicemaster Global Holdings Inc will post 2.11 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Stone Ridge Asset Management LLC Invests $205,000 in Servicemaster Global Holdings Inc (SERV)” was originally reported by WKRB News and is the property of of WKRB News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.wkrb13.com/2018/11/25/stone-ridge-asset-management-llc-invests-205000-in-servicemaster-global-holdings-inc-serv.html.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

Featured Story: How to Invest in Growth Stocks

Institutional Ownership by Quarter for Servicemaster Global (NYSE:SERV)

Receive News & Ratings for Servicemaster Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicemaster Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply