BI Asset Management Fondsmaeglerselskab A S Grows Stock Position in Service Corporation International $SCI

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Service Corporation International (NYSE:SCI) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 381,200 shares of the company’s stock after acquiring an additional 29,478 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.27% of Service Corporation International worth $31,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Service Corporation International during the third quarter valued at $33,000. Root Financial Partners LLC acquired a new stake in Service Corporation International during the 3rd quarter worth about $34,000. Quent Capital LLC acquired a new stake in Service Corporation International during the 3rd quarter worth about $34,000. Whipplewood Advisors LLC grew its stake in Service Corporation International by 60.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 743 shares of the company’s stock valued at $60,000 after purchasing an additional 279 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new position in shares of Service Corporation International in the third quarter valued at about $204,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Corporation International Price Performance

NYSE:SCI opened at $83.66 on Thursday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.56 and a quick ratio of 0.52. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. The company has a 50 day moving average price of $79.29 and a 200-day moving average price of $79.89. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $85.00.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. started coverage on Service Corporation International in a report on Tuesday, January 20th. They set an “overweight” rating and a $110.00 target price for the company. Weiss Ratings upgraded shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, UBS Group increased their price objective on shares of Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $96.50.

Insider Buying and Selling at Service Corporation International

In other news, VP Elisabeth G. Nash sold 42,400 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.32, for a total transaction of $3,235,968.00. Following the sale, the vice president directly owned 110,006 shares of the company’s stock, valued at $8,395,657.92. This represents a 27.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.40% of the company’s stock.

Service Corporation International Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.