Servicemaster Global Holdings Inc (NYSE:SERV) was the recipient of unusually large options trading on Tuesday. Traders purchased 477 put options on the company. This represents an increase of 817% compared to the typical volume of 52 put options.
A number of equities research analysts have recently weighed in on SERV shares. Robert W. Baird reissued a “hold” rating and issued a $52.00 target price on shares of Servicemaster Global in a research note on Wednesday, November 1st. Royal Bank of Canada lowered their target price on Servicemaster Global from $44.00 to $43.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 1st. Zacks Investment Research raised Servicemaster Global from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Nomura boosted their target price on Servicemaster Global from $36.00 to $39.00 and gave the company a “reduce” rating in a research note on Friday, November 3rd. Finally, BidaskClub lowered Servicemaster Global from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Servicemaster Global currently has a consensus rating of “Buy” and an average target price of $53.67.
Servicemaster Global (NYSE:SERV) opened at $52.03 on Wednesday. The company has a market capitalization of $7,338.81, a P/E ratio of 24.70 and a beta of 0.93. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12. Servicemaster Global has a 52-week low of $36.34 and a 52-week high of $55.36.
In other news, SVP James T. Lucke sold 21,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $50.24, for a total value of $1,055,040.00. Following the completion of the sale, the senior vice president now owns 21,000 shares of the company’s stock, valued at approximately $1,055,040. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mary Kay Wegner sold 1,256 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $50.29, for a total value of $63,164.24. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SERV. Cerebellum GP LLC bought a new position in Servicemaster Global during the 4th quarter valued at approximately $131,000. Advisory Services Network LLC bought a new position in Servicemaster Global during the 4th quarter valued at approximately $153,000. American International Group Inc. bought a new position in Servicemaster Global during the 4th quarter valued at approximately $163,000. The Manufacturers Life Insurance Company raised its position in Servicemaster Global by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 708 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Servicemaster Global during the 3rd quarter valued at approximately $206,000.
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Servicemaster Global 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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