Sphera Funds Management LTD. boosted its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 60.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,000 shares of the business services provider’s stock after purchasing an additional 3,000 shares during the quarter. Sphera Funds Management LTD.’s holdings in ServiceMaster Global Holdings were worth $374,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in shares of ServiceMaster Global Holdings in the second quarter valued at approximately $568,959,000. Vanguard Group Inc. boosted its position in shares of ServiceMaster Global Holdings by 1.0% in the second quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock valued at $412,885,000 after acquiring an additional 99,374 shares during the period. Longview Partners Guernsey LTD boosted its position in shares of ServiceMaster Global Holdings by 4.6% in the third quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock valued at $443,514,000 after acquiring an additional 417,782 shares during the period. Capital Research Global Investors boosted its position in shares of ServiceMaster Global Holdings by 4.4% in the second quarter. Capital Research Global Investors now owns 9,228,000 shares of the business services provider’s stock valued at $361,645,000 after acquiring an additional 393,000 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of ServiceMaster Global Holdings by 42.7% in the second quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock valued at $203,636,000 after acquiring an additional 1,554,084 shares during the period.

Several equities research analysts have recently weighed in on SERV shares. Zacks Investment Research cut ServiceMaster Global Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub cut ServiceMaster Global Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Royal Bank Of Canada cut ServiceMaster Global Holdings from an “outperform” rating to a “sector perform” rating and set a $44.00 price objective for the company. in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and issued a $52.00 target price on shares of ServiceMaster Global Holdings in a research note on Wednesday, November 1st. Finally, Nomura upped their target price on ServiceMaster Global Holdings from $36.00 to $39.00 and gave the company a “reduce” rating in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

ILLEGAL ACTIVITY NOTICE: “ServiceMaster Global Holdings, Inc. (SERV) Holdings Raised by Sphera Funds Management LTD.” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/24/servicemaster-global-holdings-inc-serv-holdings-raised-by-sphera-funds-management-ltd.html.

In other news, insider Mary Kay Wegner sold 6,562 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total value of $309,267.06. Following the completion of the sale, the insider now directly owns 6,562 shares in the company, valued at $309,267.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO John Patrick Mullen sold 3,646 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.47, for a total value of $169,429.62. Following the completion of the sale, the chief accounting officer now owns 3,280 shares of the company’s stock, valued at $152,421.60. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

ServiceMaster Global Holdings, Inc. (NYSE:SERV) traded down $0.21 during trading on Friday, reaching $47.16. The company’s stock had a trading volume of 482,900 shares, compared to its average volume of 942,260. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12. ServiceMaster Global Holdings, Inc. has a 1 year low of $36.34 and a 1 year high of $48.48. The firm has a market capitalization of $6,367.95, a price-to-earnings ratio of 21.44 and a beta of 1.00.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. ServiceMaster Global Holdings had a return on equity of 40.22% and a net margin of 8.16%. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $795.41 million. During the same period in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. sell-side analysts forecast that ServiceMaster Global Holdings, Inc. will post 2.09 EPS for the current fiscal year.

ServiceMaster Global Holdings Company 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.

Institutional Ownership by Quarter for ServiceMaster Global Holdings (NYSE:SERV)

Receive News & Stock Ratings for ServiceMaster Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceMaster Global Holdings Inc. and related stocks with our FREE daily email newsletter.