Governors Lane Lp buys $29,697,820 stake in Servicemaster Global Holdings Inc (SERV)

Servicemaster Global Holdings Inc (SERV) : Governors Lane Lp scooped up 82,421 additional shares in Servicemaster Global Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 766,000 shares of Servicemaster Global Holdings Inc which is valued at $29,697,820.Servicemaster Global Holdings Inc makes up approximately 4.41% of Governors Lane Lp’s portfolio.

Other Hedge Funds, Including , Squarepoint Ops sold out all of its stake in SERV during the most recent quarter. The investment firm sold 16,300 shares of SERV which is valued $631,951. Menta Capital sold out all of its stake in SERV during the most recent quarter. The investment firm sold 14,033 shares of SERV which is valued $544,059.Massachusetts Financial Services Co boosted its stake in SERV in the latest quarter, The investment management firm added 455,919 additional shares and now holds a total of 2,193,520 shares of Servicemaster Global Holdings Inc which is valued at $85,042,770. Servicemaster Global Holdings Inc makes up approx 0.04% of Massachusetts Financial Services Co’s portfolio. Sphera Funds Management Ltd. added SERV to its portfolio by purchasing 27,750 company shares during the most recent quarter which is valued at $1,075,868. Servicemaster Global Holdings Inc makes up approx 0.25% of Sphera Funds Management Ltd.’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in SERV in the latest quarter, The investment management firm added 310,992 additional shares and now holds a total of 316,353 shares of Servicemaster Global Holdings Inc which is valued at $12,132,138. Servicemaster Global Holdings Inc makes up approx 0.10% of Bnp Paribas Investment Partners S.a.’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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