Russell Investments Group Ltd. Has $110,000 Position in ServiceMaster Global Holdings, Inc. (NYSE:SERV)

Russell Investments Group Ltd. cut its position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 41.2% during the first quarter, Holdings Channel reports. The fund owned 2,636 shares of the business services provider’s stock after selling 1,850 shares during the period. Russell Investments Group Ltd.’s holdings in ServiceMaster Global Holdings were worth $110,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in ServiceMaster Global Holdings by 5.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,597 shares of the business services provider’s stock worth $211,000 after buying an additional 309 shares in the last quarter. Gamble Jones Investment Counsel raised its stake in ServiceMaster Global Holdings by 4.5% in the first quarter. Gamble Jones Investment Counsel now owns 61,830 shares of the business services provider’s stock worth $2,581,000 after buying an additional 2,644 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in ServiceMaster Global Holdings during the first quarter worth $288,000. Teachers Advisors LLC raised its stake in ServiceMaster Global Holdings by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 152,005 shares of the business services provider’s stock worth $5,726,000 after buying an additional 9,502 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in ServiceMaster Global Holdings during the fourth quarter worth $476,000.

ServiceMaster Global Holdings, Inc. (SERV) opened at 39.68 on Tuesday. The stock’s 50 day moving average price is $38.51 and its 200-day moving average price is $38.86. ServiceMaster Global Holdings, Inc. has a 12 month low of $32.41 and a 12 month high of $42.45. The firm has a market capitalization of $5.32 billion, a P/E ratio of 35.12 and a beta of 1.01.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $643 million for the quarter, compared to analysts’ expectations of $638.52 million. ServiceMaster Global Holdings had a return on equity of 43.03% and a net margin of 5.61%. ServiceMaster Global Holdings’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. Equities analysts forecast that ServiceMaster Global Holdings, Inc. will post $2.13 earnings per share for the current year.

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SERV has been the subject of a number of analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $44.00 target price on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. J P Morgan Chase & Co started coverage on ServiceMaster Global Holdings in a report on Thursday, April 20th. They set an “overweight” rating and a $49.00 target price for the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 price target on shares of ServiceMaster Global Holdings in a research report on Thursday, April 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 price target on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.17.

About ServiceMaster Global Holdings

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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