Gamco Investors INC. ET AL boosted its holdings in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,800 shares of the business services provider’s stock after purchasing an additional 7,200 shares during the period. Gamco Investors INC. ET AL’s holdings in Servicemaster Global were worth $3,630,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its stake in Servicemaster Global by 2.6% during the fourth quarter. Gabelli Funds LLC now owns 80,000 shares of the business services provider’s stock valued at $4,102,000 after purchasing an additional 2,000 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Servicemaster Global during the fourth quarter valued at approximately $324,000. US Bancorp DE lifted its stake in Servicemaster Global by 19.9% during the fourth quarter. US Bancorp DE now owns 15,910 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 2,637 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Servicemaster Global during the fourth quarter valued at approximately $4,538,000. Finally, Victory Capital Management Inc. lifted its stake in Servicemaster Global by 12.7% during the fourth quarter. Victory Capital Management Inc. now owns 39,342 shares of the business services provider’s stock valued at $2,017,000 after purchasing an additional 4,441 shares during the last quarter.
SERV has been the subject of several recent research reports. Morgan Stanley set a $52.00 target price on shares of Servicemaster Global and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, January 4th. Robert W. Baird restated a “hold” rating and set a $52.00 price target on shares of Servicemaster Global in a report on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating and set a $46.00 price target on shares of Servicemaster Global in a report on Monday, November 20th. Finally, William Blair initiated coverage on shares of Servicemaster Global in a report on Monday, January 29th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $51.17.
In other Servicemaster Global news, SVP James T. Lucke sold 21,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $50.24, for a total value of $1,055,040.00. Following the transaction, the senior vice president now owns 21,000 shares in the company, valued at approximately $1,055,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $63,164.24. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
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Servicemaster Global 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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