Sarasin Partners Llp buys $75,376,660 stake in Service Corporation International (SCI)

Service Corporation International (SCI) : Sarasin Partners Llp scooped up 378,243 additional shares in Service Corporation International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,847,626 shares of Service Corporation International which is valued at $75,376,660.Service Corporation International makes up approximately 1.20% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Parametrica Management Ltd sold out all of its stake in SCI during the most recent quarter. The investment firm sold 15,083 shares of SCI which is valued $401,660.Legal General Group Plc boosted its stake in SCI in the latest quarter, The investment management firm added 3,203 additional shares and now holds a total of 84,982 shares of Service Corporation International which is valued at $2,246,924.Creative Planning boosted its stake in SCI in the latest quarter, The investment management firm added 291 additional shares and now holds a total of 18,811 shares of Service Corporation International which is valued at $497,363.Simplex Trading reduced its stake in SCI by selling 745 shares or 50.71% in the most recent quarter. The Hedge Fund company now holds 724 shares of SCI which is valued at $19,193.First Mercantile Trust Co reduced its stake in SCI by selling 2,720 shares or 20.72% in the most recent quarter. The Hedge Fund company now holds 10,410 shares of SCI which is valued at $275,969. Service Corporation International makes up approx 0.04% of First Mercantile Trust Co’s portfolio.

Service Corporation International closed down -0.16 points or -0.60% at $26.47 with 6,64,901 shares getting traded on Friday. Post opening the session at $26.64, the shares hit an intraday low of $26.415 and an intraday high of $26.77 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Service Corporation International reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.29. The company had revenue of $751.70 million for the quarter, compared to analysts expectations of $767.11 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Service Corporation International. Service Corporation International was Initiated by Wells Fargo to “Market Perform” on Aug 2, 2016.

Service Corporation International is a provider of death care products and services. The Company has a network of funeral service locations and cemeteries operating in the United States and Canada. Its funeral service and cemetery operations consist of funeral service locations cemeteries funeral service/cemetery combination locations crematoria and related businesses. The Company’s segments include Funeral and Cemetery. The Company’s brands include Dignity Memorial Dignity Planning National Cremation Society Advantage Funeraria Del Angel Making Everlasting Memories and Neptune Society/Trident Society. The Company sells cemetery property and funeral and cemetery merchandise and services at the time of need and on a pre-need basis. The Company provides professional services relating to funerals and cremations including the use of funeral facilities and motor vehicles and preparation and embalming services.

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