Bluemountain Capital Management buys $107,524,136 stake in Servicemaster Global Holdings Inc (SERV)

Servicemaster Global Holdings Inc (SERV) : Bluemountain Capital Management scooped up 2,755,180 additional shares in Servicemaster Global Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,773,385 shares of Servicemaster Global Holdings Inc which is valued at $107,524,136.Servicemaster Global Holdings Inc makes up approximately 3.20% of Bluemountain Capital Management’s portfolio.

Other Hedge Funds, Including , Miles Capital boosted its stake in SERV in the latest quarter, The investment management firm added 108 additional shares and now holds a total of 7,481 shares of Servicemaster Global Holdings Inc which is valued at $290,038. Servicemaster Global Holdings Inc makes up approx 0.19% of Miles Capital’s portfolio.California State Teachers Retirement System boosted its stake in SERV in the latest quarter, The investment management firm added 68,460 additional shares and now holds a total of 286,791 shares of Servicemaster Global Holdings Inc which is valued at $10,832,096. Servicemaster Global Holdings Inc makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Chicago Equity Partners reduced its stake in SERV by selling 278,545 shares or 94.74% in the most recent quarter. The Hedge Fund company now holds 15,480 shares of SERV which is valued at $585,608. Servicemaster Global Holdings Inc makes up approx 0.02% of Chicago Equity Partners’s portfolio.American Century Companies Inc boosted its stake in SERV in the latest quarter, The investment management firm added 884,909 additional shares and now holds a total of 2,562,334 shares of Servicemaster Global Holdings Inc which is valued at $102,237,127. Servicemaster Global Holdings Inc makes up approx 0.11% of American Century Companies Inc’s portfolio.

Servicemaster Global Holdings Inc opened for trading at $36.87 and hit $37.47 on the upside on Tuesday, eventually ending the session at $37.44, with a gain of 1.74% or 0.64 points. The heightened volatility saw the trading volume jump to 10,20,849 shares. Company has a market cap of $5,073 M.

On the company’s financial health, Servicemaster Global Holdings Inc reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $747.00 million for the quarter, compared to analysts expectations of $768.05 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Servicemaster Global Holdings Inc. Shares were Reiterated by Piper Jaffray on Jun 14, 2016 to “Overweight” and Lowered the Price Target to $ 47 from a previous price target of $49 .

ServiceMaster Global Holdings Inc. is a holding company. The Company is a provider of residential and commercial services operating through a service network of more than 8000 company owned locations and franchise and license agreements. The Company’s services include termite and pest control home warranties disaster restoration janitorial residential cleaning furniture repair and home inspection. Its portfolio of brands includes Terminix American Home Shield ServiceMaster Restore ServiceMaster Clean Merry Maids Furniture Medic and AmeriSpec. The Company’s segments include Terminix American Home Shield and the Franchise Services Group. The Terminix segment is a provider of termite and pest control services. The American Home Shield segment is a provider of home warranty plans for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration janitorial and cleaning services through franchises.

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