Menta Capital LLC Raises Position in Servicemaster Global Holdings Inc (SERV)

Menta Capital LLC increased its position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 15.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,389 shares of the business services provider’s stock after acquiring an additional 1,803 shares during the period. Menta Capital LLC’s holdings in Servicemaster Global were worth $492,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc bought a new stake in Servicemaster Global during the 4th quarter worth $33,000. Stone Ridge Asset Management LLC acquired a new position in Servicemaster Global during the 3rd quarter worth about $205,000. Pzena Investment Management LLC acquired a new position in Servicemaster Global during the 4th quarter worth about $208,000. Patten Group Inc. lifted its holdings in Servicemaster Global by 7,037.5% during the 4th quarter. Patten Group Inc. now owns 5,710 shares of the business services provider’s stock worth $210,000 after buying an additional 5,630 shares during the period. Finally, Blue Sky Asset Management LLC acquired a new position in Servicemaster Global during the 3rd quarter worth about $357,000.

Several research analysts have commented on the company. Oppenheimer set a $47.00 target price on Servicemaster Global and gave the stock a “buy” rating in a report on Tuesday, February 26th. Zacks Investment Research downgraded Servicemaster Global from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Bank of America downgraded Servicemaster Global from a “buy” rating to an “underperform” rating and cut their target price for the stock from $45.00 to $36.00 in a report on Wednesday, February 20th. Morgan Stanley set a $36.00 target price on Servicemaster Global and gave the stock a “hold” rating in a report on Tuesday, January 8th. Finally, Royal Bank of Canada assumed coverage on Servicemaster Global in a report on Monday, November 19th. They set a “sector perform” rating and a $46.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.22.

Shares of NYSE:SERV opened at $47.39 on Friday. The stock has a market capitalization of $6.44 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.16 and a current ratio of 2.26. Servicemaster Global Holdings Inc has a 1 year low of $33.17 and a 1 year high of $49.59.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $457.00 million during the quarter, compared to analyst estimates of $446.35 million. Servicemaster Global had a negative net margin of 1.42% and a positive return on equity of 18.28%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that Servicemaster Global Holdings Inc will post 1.43 EPS for the current fiscal year.

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Servicemaster Global Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

Further Reading: Systematic Risk and Investors

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Institutional Ownership by Quarter for Servicemaster Global (NYSE:SERV)

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