Service Corporation International (NYSE:SCI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “

A number of other analysts have also recently weighed in on the company. BidaskClub cut Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $37.00 price target (up from $34.00) on shares of Service Corporation International in a research report on Friday, July 21st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.00.

Service Corporation International (NYSE SCI) opened at 35.45 on Thursday. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 19.21 and a beta of 0.93. Service Corporation International has a 52-week low of $24.90 and a 52-week high of $35.89. The firm’s 50-day moving average price is $34.89 and its 200 day moving average price is $32.52.

Service Corporation International (NYSE:SCI) last released its earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $769.57 million. During the same quarter last year, the business posted $0.28 EPS. Service Corporation International’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Service Corporation International will post $1.47 EPS for the current year.

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In other news, CEO Thomas L. Ryan sold 51,394 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $32.55, for a total transaction of $1,672,874.70. Following the sale, the chief executive officer now directly owns 1,119,503 shares in the company, valued at approximately $36,439,822.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 48,606 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.92, for a total value of $1,551,503.52. Following the sale, the chief executive officer now owns 1,123,715 shares in the company, valued at $35,868,982.80. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. 361 Capital LLC boosted its stake in shares of Service Corporation International by 22.4% in the second quarter. 361 Capital LLC now owns 184,704 shares of the company’s stock worth $6,178,000 after buying an additional 33,748 shares during the last quarter. Green Square Capital LLC bought a new stake in shares of Service Corporation International during the second quarter worth $262,000. State Street Corp boosted its stake in shares of Service Corporation International by 0.4% in the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock worth $165,957,000 after buying an additional 20,669 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Service Corporation International by 59.4% in the second quarter. Flinton Capital Management LLC now owns 16,912 shares of the company’s stock worth $566,000 after buying an additional 6,300 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in shares of Service Corporation International by 271.3% in the second quarter. Balyasny Asset Management LLC now owns 777,768 shares of the company’s stock worth $26,016,000 after buying an additional 568,279 shares during the last quarter. Institutional investors and hedge funds own 84.83% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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