Park West Asset Management Lowers stake in Servicemaster Global Holdings Inc (SERV)

Servicemaster Global Holdings Inc (SERV) : Park West Asset Management reduced its stake in Servicemaster Global Holdings Inc by 15.57% during the most recent quarter end. The investment management company now holds a total of 1,078,638 shares of Servicemaster Global Holdings Inc which is valued at $41,818,795 after selling 198,900 shares in Servicemaster Global Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Servicemaster Global Holdings Inc makes up approximately 3.74% of Park West Asset Management’s portfolio.

Other Hedge Funds, Including , Brown Brothers Harriman Co added SERV to its portfolio by purchasing 253 company shares during the most recent quarter which is valued at $9,809.Hsbc Holdings Plc reduced its stake in SERV by selling 128,509 shares or 92.36% in the most recent quarter. The Hedge Fund company now holds 10,632 shares of SERV which is valued at $412,203.Cantillon Capital Management boosted its stake in SERV in the latest quarter, The investment management firm added 1,146,200 additional shares and now holds a total of 5,729,323 shares of Servicemaster Global Holdings Inc which is valued at $216,396,530. Servicemaster Global Holdings Inc makes up approx 3.44% of Cantillon Capital Management’s portfolio.Herndon Capital Management boosted its stake in SERV in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 2,261 shares of Servicemaster Global Holdings Inc which is valued at $85,534.Eagle Asset Management Inc boosted its stake in SERV in the latest quarter, The investment management firm added 42,437 additional shares and now holds a total of 537,898 shares of Servicemaster Global Holdings Inc which is valued at $22,177,535. Servicemaster Global Holdings Inc makes up approx 0.15% of Eagle Asset Management Inc’s portfolio.

Servicemaster Global Holdings Inc opened for trading at $37.37 and hit $37.56 on the upside on Thursday, eventually ending the session at $37.56, with a gain of 0.67% or 0.25 points. The heightened volatility saw the trading volume jump to 4,91,269 shares. Company has a market cap of $5,090 M.

On the company’s financial health, Servicemaster Global Holdings Inc reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $747.00 million for the quarter, compared to analysts expectations of $768.05 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Servicemaster Global Holdings Inc. Shares were Reiterated by Piper Jaffray on Jun 14, 2016 to “Overweight” and Lowered the Price Target to $ 47 from a previous price target of $49 .

ServiceMaster Global Holdings Inc. is a holding company. The Company is a provider of residential and commercial services operating through a service network of more than 8000 company owned locations and franchise and license agreements. The Company’s services include termite and pest control home warranties disaster restoration janitorial residential cleaning furniture repair and home inspection. Its portfolio of brands includes Terminix American Home Shield ServiceMaster Restore ServiceMaster Clean Merry Maids Furniture Medic and AmeriSpec. The Company’s segments include Terminix American Home Shield and the Franchise Services Group. The Terminix segment is a provider of termite and pest control services. The American Home Shield segment is a provider of home warranty plans for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration janitorial and cleaning services through franchises.

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