ServiceMaster Global Holdings, Inc. (SERV) Stake Decreased by Three Peaks Capital Management LLC

Three Peaks Capital Management LLC trimmed its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 222,388 shares of the business services provider’s stock after selling 5,839 shares during the quarter. ServiceMaster Global Holdings comprises about 1.5% of Three Peaks Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Three Peaks Capital Management LLC owned approximately 0.16% of ServiceMaster Global Holdings worth $10,392,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Sphera Funds Management LTD. raised its holdings in shares of ServiceMaster Global Holdings by 60.0% during the 3rd quarter. Sphera Funds Management LTD. now owns 8,000 shares of the business services provider’s stock worth $374,000 after buying an additional 3,000 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of ServiceMaster Global Holdings by 16.1% during the 3rd quarter. Pacer Advisors Inc. now owns 22,951 shares of the business services provider’s stock worth $1,073,000 after buying an additional 3,187 shares in the last quarter. MRJ Capital Inc. acquired a new position in shares of ServiceMaster Global Holdings during the 3rd quarter worth $3,364,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of ServiceMaster Global Holdings during the 3rd quarter worth $1,422,000. Finally, Cipher Capital LP acquired a new position in shares of ServiceMaster Global Holdings during the 3rd quarter worth $4,004,000.

Shares of ServiceMaster Global Holdings, Inc. (NYSE SERV) traded down $0.21 during mid-day trading on Friday, hitting $47.16. The stock had a trading volume of 482,900 shares, compared to its average volume of 942,260. The firm has a market capitalization of $6,367.95, a PE ratio of 21.44 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 Holdings, Inc. has a 12 month low of $36.34 and a 12 month high of $48.48.

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

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In other ServiceMaster Global Holdings news, insider Mary Kay Wegner sold 6,562 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total value of $309,267.06. Following the transaction, the insider now owns 6,562 shares in the company, valued at $309,267.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO John Patrick Mullen sold 3,646 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $46.47, for a total value of $169,429.62. Following the completion of the transaction, the chief accounting officer now owns 3,280 shares in the company, valued at approximately $152,421.60. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on SERV. Zacks Investment Research raised ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $46.00 target price on shares of ServiceMaster Global Holdings in a report on Monday. Morgan Stanley upped their target price on ServiceMaster Global Holdings from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, September 28th. Oppenheimer Holdings, Inc. began coverage on ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 target price for the company. Finally, Rowe began coverage on ServiceMaster Global Holdings in a report on Tuesday, September 19th. They issued an “outperform” rating and a $55.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. ServiceMaster Global Holdings currently has an average rating of “Hold” and a consensus target price of $49.00.

ServiceMaster Global Holdings Profile

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 Holdings (NYSE:SERV)

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