ServiceMaster Global Holdings, Inc. (SERV) Shares Sold by Banbury Partners LLC

Banbury Partners LLC cut its position in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 21.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 578,572 shares of the business services provider’s stock after selling 161,827 shares during the quarter. ServiceMaster Global makes up about 6.6% of Banbury Partners LLC’s holdings, making the stock its 10th biggest position. Banbury Partners LLC owned about 0.43% of ServiceMaster Global worth $27,037,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in 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 worth $177,000 after purchasing an additional 708 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of ServiceMaster Global by 117.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after acquiring an additional 2,466 shares during the period. SG Americas Securities LLC lifted its holdings in shares of ServiceMaster Global by 112.7% during the 2nd quarter. SG Americas Securities LLC now owns 5,107 shares of the business services provider’s stock worth $200,000 after acquiring an additional 2,706 shares during the period. CIBC Asset Management Inc bought a new position in shares of ServiceMaster Global during the 3rd quarter worth about $206,000. Finally, Oakbrook Investments LLC bought a new position in shares of ServiceMaster Global during the 3rd quarter worth about $213,000.

In other ServiceMaster Global news, insider Mary Kay Wegner sold 6,562 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total value of $309,267.06. Following the completion of the transaction, the insider now directly owns 6,562 shares of the company’s stock, valued at $309,267.06. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO John Patrick Mullen sold 3,646 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $46.47, for a total transaction of $169,429.62. Following the completion of the transaction, the chief accounting officer now directly owns 3,280 shares of the company’s stock, valued at $152,421.60. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) remained flat at $$49.99 during mid-day trading on Thursday. 860,000 shares of the stock were exchanged, compared to its average volume of 926,256. ServiceMaster Global Holdings, Inc. has a 1 year low of $36.34 and a 1 year high of $50.49. The stock has a market capitalization of $6,750.08, a P/E ratio of 22.72 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12.

ServiceMaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. ServiceMaster Global had a net margin of 8.16% and a return on equity of 40.22%. The firm had revenue of $797.00 million during the quarter, compared to the consensus estimate of $795.41 million. During the same period last year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. equities research analysts expect that ServiceMaster Global Holdings, Inc. will post 2.09 EPS for the current year.

SERV has been the subject of a number of analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $51.00 price objective on shares of ServiceMaster Global in a report on Tuesday, September 12th. BidaskClub downgraded shares of ServiceMaster Global from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Zacks Investment Research downgraded shares of ServiceMaster Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada reduced their price objective on shares of ServiceMaster Global from $44.00 to $43.00 and set a “sector perform” rating for the company in a report on Wednesday, November 1st. Finally, Oppenheimer initiated coverage on shares of ServiceMaster Global in a report on Wednesday, September 20th. They set an “outperform” rating and a $55.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.00.

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

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