Landscape Capital Management L.L.C. increased its position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,423 shares of the business services provider’s stock after acquiring an additional 11,908 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Servicemaster Global were worth $6,117,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in SERV. Cullen Frost Bankers Inc. acquired a new stake in shares of Servicemaster Global during the second quarter valued at approximately $32,000. Quadrant Capital Group LLC acquired a new stake in shares of Servicemaster Global during the first quarter valued at approximately $49,000. AdvisorNet Financial Inc raised its holdings in shares of Servicemaster Global by 84.1% during the second quarter. AdvisorNet Financial Inc now owns 1,657 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 757 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of Servicemaster Global by 506.1% during the first quarter. Rockefeller Capital Management L.P. now owns 1,988 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 1,660 shares during the period. Finally, Advisor Group Inc. raised its holdings in shares of Servicemaster Global by 61.9% during the second quarter. Advisor Group Inc. now owns 1,951 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 746 shares during the period.
Servicemaster Global stock traded up $1.17 during trading hours on Thursday, hitting $56.76. The company had a trading volume of 21,087 shares, compared to its average volume of 741,025. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 58.85, a P/E/G ratio of 2.17 and a beta of 0.73. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average is $53.54. Servicemaster Global Holdings Inc has a fifty-two week low of $34.28 and a fifty-two week high of $58.78.
Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ 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 negative net margin of 2.02% and a positive return on equity of 11.17%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. As a group, analysts expect that Servicemaster Global Holdings Inc will post 1.43 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Morgan Stanley boosted their price target on shares of Servicemaster Global from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Nomura restated a “buy” rating and set a $62.00 price target on shares of Servicemaster Global in a report on Thursday, August 8th. ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Buckingham Research lowered shares of Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Servicemaster Global currently has a consensus rating of “Hold” and a consensus target price of $48.89.
In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 directly owns 17,398 shares of the company’s stock, valued at $938,448.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Stevenson sold 8,556 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $54.29, for a total transaction of $464,505.24. Following the completion of the sale, the insider now directly owns 10,396 shares of the company’s stock, valued at $564,398.84. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.
About Servicemaster Global
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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