Virtu Financial LLC Purchases New Position in Servicemaster Global Holdings Inc (SERV)

Virtu Financial LLC purchased a new stake in Servicemaster Global Holdings Inc (NYSE:SERV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,327 shares of the business services provider’s stock, valued at approximately $454,000.

Several other large investors have also recently made changes to their positions in the business. PEAK6 Investments LLC bought a new stake in Servicemaster Global during the third quarter worth approximately $1,639,000. Pictet Asset Management Ltd. boosted its holdings in Servicemaster Global by 15.8% during the third quarter. Pictet Asset Management Ltd. now owns 1,872,000 shares of the business services provider’s stock worth $116,120,000 after buying an additional 255,000 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in Servicemaster Global by 12.4% during the third quarter. Atlanta Capital Management Co. L L C now owns 6,264,021 shares of the business services provider’s stock worth $388,557,000 after buying an additional 693,233 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Servicemaster Global by 6.0% during the third quarter. First Eagle Investment Management LLC now owns 985,987 shares of the business services provider’s stock worth $61,161,000 after buying an additional 55,439 shares in the last quarter. Finally, Carillon Tower Advisers Inc. bought a new stake in Servicemaster Global during the third quarter worth approximately $41,322,000. Institutional investors own 94.02% of the company’s stock.

A number of brokerages recently weighed in on SERV. Morgan Stanley set a $39.00 target price on shares of Servicemaster Global and gave the stock a “hold” rating in a report on Wednesday, November 7th. Goldman Sachs Group started coverage on shares of Servicemaster Global in a research note on Wednesday, November 14th. They issued a “neutral” rating and a $44.00 price objective for the company. William Blair reaffirmed a “buy” rating on shares of Servicemaster Global in a research note on Tuesday, September 11th. Royal Bank of Canada started coverage on shares of Servicemaster Global in a research note on Monday, November 19th. They issued a “sector perform” rating and a $46.00 price objective for the company. Finally, ValuEngine lowered shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $47.00.

In related news, insider Matthew Stevenson sold 2,562 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $44.20, for a total transaction of $113,240.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Shares of Servicemaster Global stock opened at $41.02 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 1.90. Servicemaster Global Holdings Inc has a twelve month low of $32.89 and a twelve month high of $45.64. The stock has a market cap of $5.59 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81.

Servicemaster Global (NYSE:SERV) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.12). Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. The company had revenue of $873.00 million during the quarter, compared to the consensus estimate of $865.00 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Research analysts forecast that Servicemaster Global Holdings Inc will post 2.11 earnings per share for the current year.

WARNING: “Virtu Financial LLC Purchases New Position in Servicemaster Global Holdings Inc (SERV)” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://sportsperspectives.com/2018/12/11/virtu-financial-llc-purchases-new-position-in-servicemaster-global-holdings-inc-serv.html.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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.

Featured Story: What is intrinsic value?

Want to see what other hedge funds are holding SERV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Servicemaster Global Holdings Inc (NYSE:SERV).

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

Receive News & Ratings for Servicemaster Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicemaster Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply