Monument Capital Management lowered its holdings in shares of Service Co. International (NYSE:SCI) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,709 shares of the company’s stock after selling 3,698 shares during the quarter. Monument Capital Management’s holdings in Service Co. International were worth $2,356,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its holdings in shares of Service Co. International by 80.5% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after purchasing an additional 352 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Service Co. International during the 1st quarter valued at $38,000. Vigilant Capital Management LLC bought a new position in shares of Service Co. International during the 2nd quarter valued at $44,000. Trustcore Financial Services LLC acquired a new position in Service Co. International in the 1st quarter valued at $49,000. Finally, Quadrant Capital Group LLC grew its stake in Service Co. International by 414.9% in the 1st quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock valued at $52,000 after buying an additional 1,116 shares during the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.
NYSE:SCI traded down $1.18 during midday trading on Tuesday, reaching $45.92. The stock had a trading volume of 29,379 shares, compared to its average volume of 583,186. Service Co. International has a 1-year low of $37.03 and a 1-year high of $47.87. The business has a fifty day moving average price of $46.67. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.48 and a quick ratio of 0.44. The firm has a market capitalization of $8.60 billion, a PE ratio of 25.64, a P/E/G ratio of 2.16 and a beta of 0.92.
SCI has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Service Co. International has an average rating of “Buy” and a consensus price target of $46.75.
In other Service Co. International news, CEO Thomas L. Ryan sold 40,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $46.05, for a total value of $1,842,000.00. Following the sale, the chief executive officer now directly owns 1,062,809 shares in the company, valued at approximately $48,942,354.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcus A. Watts sold 8,130 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.71, for a total transaction of $371,622.30. Following the completion of the sale, the director now owns 70,544 shares in the company, valued at $3,224,566.24. The disclosure for this sale can be found here. Insiders sold a total of 409,287 shares of company stock worth $17,844,533 over the last quarter. 5.50% of the stock is currently owned by company insiders.
Service Co. International Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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