PEAK6 Investments L.P. boosted its holdings in Servicemaster Global Holdings Inc (NYSE:SERV) by 2,112.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,178 shares of the business services provider’s stock after purchasing an additional 32,633 shares during the period. PEAK6 Investments L.P.’s holdings in Servicemaster Global were worth $1,752,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of SERV. Cerebellum GP LLC bought a new position in Servicemaster Global during the 4th quarter worth approximately $131,000. Advisory Services Network LLC bought a new position in Servicemaster Global during the 4th quarter worth approximately $153,000. American International Group Inc. bought a new position in Servicemaster Global during the 4th quarter worth approximately $163,000. M&T Bank Corp bought a new position in Servicemaster Global during the 4th quarter worth approximately $214,000. Finally, Moors & Cabot Inc. bought a new position in Servicemaster Global during the 4th quarter worth approximately $219,000.
Servicemaster Global Holdings Inc (SERV) opened at $51.01 on Wednesday. Servicemaster Global Holdings Inc has a 1 year low of $36.34 and a 1 year high of $55.36. The stock has a market capitalization of $6,979.80, a price-to-earnings ratio of 24.45 and a beta of 0.95. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.02 and a current ratio of 1.06.
Several analysts recently issued reports on SERV shares. Morgan Stanley raised their price target on Servicemaster Global from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Royal Bank of Canada reissued a “hold” rating and issued a $46.00 price target on shares of Servicemaster Global in a report on Monday, November 20th. Zacks Investment Research raised Servicemaster Global from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Friday, February 2nd. Instinet raised Servicemaster Global from a “reduce” rating to a “buy” rating in a report on Thursday, February 15th. Finally, William Blair started coverage on Servicemaster Global in a report on Monday, January 29th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.08.
In related news, SVP James T. Lucke sold 16,737 shares of Servicemaster Global stock in a transaction on Monday, March 12th. The stock was sold at an average price of $51.70, for a total value of $865,302.90. Following the transaction, the senior vice president now directly owns 5,691 shares in the company, valued at approximately $294,224.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marvin Davis sold 4,743 shares of Servicemaster Global stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $49.57, for a total value of $235,110.51. Following the completion of the transaction, the insider now owns 7,959 shares in the company, valued at $394,527.63. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
WARNING: This piece was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/14/peak6-investments-l-p-has-1-75-million-position-in-servicemaster-global-holdings-inc-serv.html.
About Servicemaster Global
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.
Receive News & Ratings for Servicemaster Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicemaster Global and related companies with MarketBeat.com's FREE daily email newsletter.