Kerrisdale Advisers adds Servicemaster Global Holdings Inc (SERV) to its portfolio

Servicemaster Global Holdings Inc (SERV) : Kerrisdale Advisers added new position in Servicemaster Global Holdings Inc during the most recent quarter end. The investment management firm now holds 399,295 shares of Servicemaster Global Holdings Inc which is valued at $15,480,667 , the company said in a statement filed on Aug 12, 2016 with the SEC.Servicemaster Global Holdings Inc makes up approximately 3.88% of Kerrisdale Advisers’s portfolio.

Other Hedge Funds, Including , Great Lakes Advisors boosted its stake in SERV in the latest quarter, The investment management firm added 456 additional shares and now holds a total of 32,826 shares of Servicemaster Global Holdings Inc which is valued at $1,272,664. Servicemaster Global Holdings Inc makes up approx 0.03% of Great Lakes Advisors’s portfolio. Engineers Gate Manager Lp sold out all of its stake in SERV during the most recent quarter. The investment firm sold 21,835 shares of SERV which is valued $846,543.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.Swiss National Bank boosted its stake in SERV in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 224,107 shares of Servicemaster Global Holdings Inc which is valued at $8,464,521. Servicemaster Global Holdings Inc makes up approx 0.01% of Swiss National Bank’s portfolio. Cadence Capital Management added SERV to its portfolio by purchasing 33,760 company shares during the most recent quarter which is valued at $1,275,115. Servicemaster Global Holdings Inc makes up approx 0.09% of Cadence Capital Management’s portfolio.

Servicemaster Global Holdings Inc closed down -0.15 points or -0.40% at $37.01 with 11,01,678 shares getting traded on Monday. Post opening the session at $37.12, the shares hit an intraday low of $36.9 and an intraday high of $37.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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