Brant Point Investment Management LLC reduced its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 22.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 103,190 shares of the business services provider’s stock after selling 30,000 shares during the quarter. Brant Point Investment Management LLC owned 0.08% of ServiceMaster Global Holdings worth $4,044,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SERV. SG Americas Securities LLC acquired a new stake in ServiceMaster Global Holdings during the 1st quarter valued at approximately $100,000. FNY Partners Fund LP acquired a new stake in ServiceMaster Global Holdings during the 1st quarter valued at approximately $104,000. Cannell Capital LLC acquired a new stake in ServiceMaster Global Holdings during the 1st quarter valued at approximately $179,000. BNP Paribas Arbitrage SA grew its stake in ServiceMaster Global Holdings 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 purchasing an additional 2,466 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in ServiceMaster Global Holdings during the 1st quarter valued at approximately $203,000.

ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The business had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $806.64 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year.

In other ServiceMaster Global Holdings news, CEO Robert J. Gillette sold 1,142,961 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.58, for a total value of $48,667,279.38. Following the completion of the transaction, the chief executive officer now owns 642,022 shares of the company’s stock, valued at approximately $27,337,296.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy M. Haynes sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $45.90, for a total value of $229,500.00. Following the completion of the transaction, the insider now directly owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,225,655 shares of company stock valued at $52,344,228. Insiders own 1.20% of the company’s stock.

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A number of equities research analysts have weighed in on SERV shares. Robert W. Baird restated a “hold” rating and set a $51.00 price objective on shares of ServiceMaster Global Holdings in a research note on Tuesday, September 12th. Credit Suisse Group restated an “outperform” rating and set a $52.00 price objective (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating and set a $48.00 price objective on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. BidaskClub upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global Holdings in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $49.00.

About ServiceMaster Global Holdings

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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Institutional Ownership by Quarter for ServiceMaster Global Holdings (NYSE:SERV)

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