Magnetar Financial LLC Acquires Shares of 10,570 ServiceMaster Global Holdings, Inc. (SERV)

Magnetar Financial LLC acquired a new stake in ServiceMaster Global Holdings, Inc. (NYSE:SERV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,570 shares of the business services provider’s stock, valued at approximately $494,000.

Several other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in shares of ServiceMaster Global by 1.0% in the second quarter. Teacher Retirement System of Texas now owns 10,727 shares of the business services provider’s stock worth $420,000 after buying an additional 106 shares in the last quarter. Argent Capital Management LLC lifted its position in shares of ServiceMaster Global by 2.5% in the second quarter. Argent Capital Management LLC now owns 10,390 shares of the business services provider’s stock worth $407,000 after buying an additional 250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ServiceMaster Global by 7.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,599 shares of the business services provider’s stock worth $219,000 after buying an additional 404 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of ServiceMaster Global by 3.0% in the second quarter. Pacer Advisors Inc. now owns 19,764 shares of the business services provider’s stock worth $775,000 after buying an additional 572 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of ServiceMaster Global by 11.1% in the second quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock worth $260,000 after buying an additional 659 shares in the last quarter.

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

In other news, CAO John Patrick Mullen sold 3,646 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $46.47, for a total transaction of $169,429.62. Following the transaction, the chief accounting officer now owns 3,280 shares of the company’s stock, valued at $152,421.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mary Kay Wegner sold 1,256 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $50.29, for a total value of $63,164.24. The disclosure for this sale can be found here. Insiders have sold 32,464 shares of company stock worth $1,596,901 over the last three months. 1.20% of the stock is currently owned by insiders.

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) traded up $0.62 during midday trading on Thursday, reaching $50.34. The company’s stock had a trading volume of 929,600 shares, compared to its average volume of 918,395. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12. ServiceMaster Global Holdings, Inc. has a 52 week low of $36.34 and a 52 week high of $51.10. The company has a market capitalization of $6,713.62, a PE ratio of 22.60 and a beta of 1.00.

ServiceMaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.12. ServiceMaster Global 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 analysts’ expectations of $795.41 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts predict that ServiceMaster Global Holdings, Inc. will post 2.09 EPS for the current year.

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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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