Davidson Kempner Capital Management LP purchased a new stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 775,000 shares of the business services provider’s stock, valued at approximately $36,216,000. ServiceMaster Global accounts for about 1.0% of Davidson Kempner Capital Management LP’s holdings, making the stock its 18th biggest holding. Davidson Kempner Capital Management LP owned 0.57% of ServiceMaster Global as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new position in shares of ServiceMaster Global during the 3rd quarter valued at $206,000. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 buying an additional 708 shares during the period. Oakbrook Investments LLC bought a new position in shares of ServiceMaster Global during the 3rd quarter valued at $213,000. BNP Paribas Arbitrage SA lifted its holdings in shares of ServiceMaster Global by 117.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after buying an additional 2,466 shares during the period. Finally, Aperio Group LLC bought a new position in shares of ServiceMaster Global during the 3rd quarter valued at $218,000.

In other ServiceMaster Global news, CAO John Patrick Mullen sold 3,646 shares of the stock in a transaction on Thursday, November 9th. The stock was 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 in the company, valued at approximately $152,421.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Kay Wegner sold 6,562 shares of the 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 owns 6,562 shares of the company’s stock, valued at approximately $309,267.06. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

ServiceMaster Global Holdings, Inc. (SERV) traded up $0.08 during trading hours on Monday, hitting $50.32. The stock had a trading volume of 570,700 shares, compared to its average volume of 922,980. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.99. The stock has a market cap of $6,794.64, a price-to-earnings ratio of 22.87 and a beta of 1.00. ServiceMaster Global Holdings, Inc. has a 52-week low of $36.34 and a 52-week high of $50.49.

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

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded ServiceMaster Global from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, October 4th. CIBC assumed coverage on ServiceMaster Global in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 price objective for the company. BidaskClub upgraded ServiceMaster Global from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Robert W. Baird restated a “hold” rating and issued a $52.00 price objective on shares of ServiceMaster Global in a research note on Wednesday, November 1st. Finally, Morgan Stanley upped their price objective on ServiceMaster Global from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. ServiceMaster Global currently has an average rating of “Hold” and a consensus price target of $49.00.

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ServiceMaster Global 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 (NYSE:SERV)

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