Seven Bridges Advisors LLC bought a new stake in ServiceMaster Global Holdings Inc. (NYSE:SERV) during the second quarter, Holdings Channel reports. The firm bought 17,993 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new position in shares of ServiceMaster Global Holdings during the first quarter worth approximately $3,273,000. Landscape Capital Management L.L.C. raised its position in shares of ServiceMaster Global Holdings by 192.7% in the first quarter. Landscape Capital Management L.L.C. now owns 31,608 shares of the company’s stock worth $1,191,000 after buying an additional 20,808 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of ServiceMaster Global Holdings by 9.9% in the first quarter. TimesSquare Capital Management LLC now owns 3,909,150 shares of the company’s stock worth $147,297,000 after buying an additional 352,700 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of ServiceMaster Global Holdings by 650,171.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 45,519 shares of the company’s stock worth $1,715,000 after buying an additional 45,512 shares in the last quarter. Finally, BlackRock Japan Co. Ltd increased its stake in shares of ServiceMaster Global Holdings by 4.1% in the first quarter. BlackRock Japan Co. Ltd now owns 5,384 shares of the company’s stock valued at $203,000 after buying an additional 212 shares during the last quarter.

Shares of ServiceMaster Global Holdings Inc. (NYSE:SERV) traded down 0.81% during mid-day trading on Tuesday, hitting $34.24. The company’s stock had a trading volume of 1,908,149 shares. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 38.78 and a beta of 1.09. The company has a 50-day moving average of $37.05 and a 200 day moving average of $37.88. ServiceMaster Global Holdings Inc. has a 1-year low of $32.10 and a 1-year high of $42.21.

ServiceMaster Global Holdings (NYSE:SERV) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. ServiceMaster Global Holdings had a net margin of 4.55% and a return on equity of 46.00%. The business had revenue of $747 million for the quarter, compared to analysts’ expectations of $767.40 million. During the same quarter last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect that ServiceMaster Global Holdings Inc. will post $2.06 EPS for the current year.

Several brokerages recently weighed in on SERV. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, July 13th. Piper Jaffray Cos. restated an “overweight” rating and set a $47.00 target price (down previously from $49.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 14th. TheStreet upgraded ServiceMaster Global Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, June 28th. Nomura decreased their target price on ServiceMaster Global Holdings from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Finally, Morgan Stanley began coverage on ServiceMaster Global Holdings in a research note on Monday, August 1st. They set an “overweight” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.86.

In related news, SVP James T. Lucke sold 5,199 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $38.00, for a total value of $197,562.00. Following the transaction, the senior vice president now owns 5,000 shares of the company’s stock, valued at approximately $190,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James T. Lucke sold 10,801 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $37.68, for a total transaction of $406,981.68. Following the completion of the transaction, the senior vice president now directly owns 10,199 shares in the company, valued at approximately $384,298.32. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

ServiceMaster Global Holdings Company Profile

ServiceMaster Global Holdings, Inc is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group.

5 Day Chart for NYSE:SERV

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