Service Corporation International (SCI) : Central Bank Trust Co has sold out all of its stake in Service Corporation International during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 125 shares of Service Corporation International which is valued at $3,314.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in SCI by selling 2,720 shares or 20.72% in the most recent quarter. The Hedge Fund company now holds 10,410 shares of SCI which is valued at $275,969. Service Corporation International makes up approx 0.04% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SCI by selling 61,077 shares or 77.19% in the most recent quarter. The Hedge Fund company now holds 18,046 shares of SCI which is valued at $474,249. Washington Trust Bank added SCI to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $631.
Service Corporation International opened for trading at $26.36 and hit $26.71 on the upside on Friday, eventually ending the session at $26.51, with a gain of 0.80% or 0.21 points. The heightened volatility saw the trading volume jump to 21,44,854 shares. Company has a market cap of $5,133 M.
On the company’s financial health, Service Corporation International reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.29. The company had revenue of $751.70 million for the quarter, compared to analysts expectations of $767.11 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on Service Corporation International. Service Corporation International was Initiated by Wells Fargo to “Market Perform” on Aug 2, 2016.
Service Corporation International is a provider of death care products and services. The Company has a network of funeral service locations and cemeteries operating in the United States and Canada. Its funeral service and cemetery operations consist of funeral service locations cemeteries funeral service/cemetery combination locations crematoria and related businesses. The Company’s segments include Funeral and Cemetery. The Company’s brands include Dignity Memorial Dignity Planning National Cremation Society Advantage Funeraria Del Angel Making Everlasting Memories and Neptune Society/Trident Society. The Company sells cemetery property and funeral and cemetery merchandise and services at the time of need and on a pre-need basis. The Company provides professional services relating to funerals and cremations including the use of funeral facilities and motor vehicles and preparation and embalming services.