Wcg Management Lowers stake in Servicemaster Global Holdings Inc (SERV)

Servicemaster Global Holdings Inc (SERV) : Wcg Management reduced its stake in Servicemaster Global Holdings Inc by 68.16% during the most recent quarter end. The investment management company now holds a total of 55,370 shares of Servicemaster Global Holdings Inc which is valued at $2,091,325 after selling 118,553 shares in Servicemaster Global Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Servicemaster Global Holdings Inc makes up approximately 2.44% of Wcg Management’s portfolio.

Other Hedge Funds, Including , 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. Montag Caldwell added SERV to its portfolio by purchasing 18,308 company shares during the most recent quarter which is valued at $692,592. Servicemaster Global Holdings Inc makes up approx 0.01% of Montag Caldwell’s portfolio.Retirement Systems Of Alabama boosted its stake in SERV in the latest quarter, The investment management firm added 24,000 additional shares and now holds a total of 129,945 shares of Servicemaster Global Holdings Inc which is valued at $5,184,806. Servicemaster Global Holdings Inc makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Pitcairn Co boosted its stake in SERV in the latest quarter, The investment management firm added 396 additional shares and now holds a total of 11,062 shares of Servicemaster Global Holdings Inc which is valued at $441,374. Servicemaster Global Holdings Inc makes up approx 0.06% of Pitcairn Co’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in SERV during the most recent quarter. The investment firm sold 88,598 shares of SERV which is valued $3,613,912.

Servicemaster Global Holdings Inc closed down -0.33 points or -0.87% at $37.44 with 9,61,031 shares getting traded on Thursday. Post opening the session at $37.7, the shares hit an intraday low of $37.35 and an intraday high of $37.8625 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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