Price Capital Management Inc. Makes New $247,000 Investment in Servicemaster Global Holdings Inc (NYSE:SERV)

Price Capital Management Inc. bought a new position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,700 shares of the business services provider’s stock, valued at approximately $247,000.

Several other institutional investors have also recently bought and sold shares of SERV. Dimensional Fund Advisors LP raised its stake in shares of Servicemaster Global by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,015,753 shares of the business services provider’s stock worth $37,318,000 after purchasing an additional 12,682 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Servicemaster Global by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 1,248,319 shares of the business services provider’s stock worth $45,863,000 after purchasing an additional 65,869 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Servicemaster Global during the 1st quarter worth about $892,000. First Quadrant L P CA purchased a new stake in shares of Servicemaster Global during the 1st quarter worth about $785,000. Finally, Avalon Advisors LLC increased its holdings in shares of Servicemaster Global by 1.1% during the 1st quarter. Avalon Advisors LLC now owns 91,289 shares of the business services provider’s stock valued at $4,263,000 after acquiring an additional 1,029 shares during the last quarter.

SERV traded down $0.19 during midday trading on Wednesday, reaching $58.02. The company’s stock had a trading volume of 7,650 shares, compared to its average volume of 762,551. The stock has a market cap of $7.79 billion, a P/E ratio of 61.19, a PEG ratio of 2.20 and a beta of 0.73. The company has a fifty day simple moving average of $54.21 and a 200 day simple moving average of $49.94. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. Servicemaster Global Holdings Inc has a twelve month low of $34.28 and a twelve month high of $58.78.

Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. The firm had revenue of $560.00 million for the quarter, compared to analyst estimates of $549.25 million. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. Sell-side analysts expect that Servicemaster Global Holdings Inc will post 1.43 earnings per share for the current year.

In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $53.94, for a total value of $131,829.36. Following the completion of the sale, the director now owns 17,398 shares in the company, valued at approximately $938,448.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on SERV shares. Zacks Investment Research raised Servicemaster Global from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Buckingham Research lowered Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a report on Wednesday, May 8th. They noted that the move was a valuation call. Nomura reaffirmed a “buy” rating and issued a $62.00 target price on shares of Servicemaster Global in a report on Thursday, August 8th. Finally, ValuEngine raised Servicemaster Global from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.89.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. 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.

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

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