AQR Capital Management LLC cut its position in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 35.8% during the first quarter, Holdings Channel reports. The institutional investor owned 77,861 shares of the business services provider’s stock after selling 43,397 shares during the period. AQR Capital Management LLC’s holdings in ServiceMaster Global Holdings were worth $3,251,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SERV. BlackRock Inc. raised its position in shares of ServiceMaster Global Holdings by 31,635.5% in the first quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock worth $232,730,000 after buying an additional 5,556,779 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of ServiceMaster Global Holdings during the first quarter worth $93,086,000. Marshall Wace North America L.P. purchased a new position in shares of ServiceMaster Global Holdings during the first quarter worth $93,086,000. FMR LLC raised its position in shares of ServiceMaster Global Holdings by 6.9% in the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock worth $647,423,000 after buying an additional 997,837 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC raised its position in shares of ServiceMaster Global Holdings by 271.2% in the first quarter. Columbia Wanger Asset Management LLC now owns 851,578 shares of the business services provider’s stock worth $35,553,000 after buying an additional 622,152 shares in the last quarter.
Shares of ServiceMaster Global Holdings, Inc. (SERV) opened at 39.49 on Friday. The stock has a 50 day moving average price of $39.32 and a 200-day moving average price of $38.98. The stock has a market cap of $5.29 billion, a P/E ratio of 34.95 and a beta of 1.01. ServiceMaster Global Holdings, Inc. has a 52 week low of $32.41 and a 52 week high of $42.45.
ServiceMaster Global Holdings (NYSE:SERV) last issued its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $643 million during the quarter, compared to analyst estimates of $638.52 million. ServiceMaster Global Holdings had a net margin of 5.61% and a return on equity of 43.03%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Equities analysts predict that ServiceMaster Global Holdings, Inc. will post $2.13 EPS for the current fiscal year.
SERV has been the topic of a number of research reports. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. J P Morgan Chase & Co started coverage on ServiceMaster Global Holdings in a research note on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $49.00 target price on shares of ServiceMaster Global Holdings in a research note on Thursday, April 6th. Morgan Stanley restated an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $42.17.
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.
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