Service Co. International (SCI) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC cut its position in shares of Service Co. International (NYSE:SCI) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,030 shares of the company’s stock after selling 1,579 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Service Co. International were worth $399,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Service Co. International by 3.0% during the 2nd quarter. BlackRock Inc. now owns 17,373,394 shares of the company’s stock valued at $621,792,000 after purchasing an additional 499,259 shares during the period. First Manhattan Co. increased its position in shares of Service Co. International by 13.0% during the 3rd quarter. First Manhattan Co. now owns 4,098,667 shares of the company’s stock valued at $181,161,000 after purchasing an additional 469,944 shares during the period. Acadian Asset Management LLC increased its position in shares of Service Co. International by 4.9% during the 2nd quarter. Acadian Asset Management LLC now owns 2,962,712 shares of the company’s stock valued at $106,036,000 after purchasing an additional 137,876 shares during the period. Handelsbanken Fonder AB increased its position in shares of Service Co. International by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 2,779,736 shares of the company’s stock valued at $122,864,000 after purchasing an additional 28,736 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Service Co. International by 34.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 2,717,805 shares of the company’s stock valued at $120,127,000 after purchasing an additional 694,662 shares during the period. Institutional investors own 86.11% of the company’s stock.

SCI has been the topic of several research analyst reports. ValuEngine upgraded Service Co. International from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, August 2nd. Oppenheimer lifted their target price on Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Credit Suisse Group lifted their target price on Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Finally, Raymond James lifted their target price on Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.17.

Shares of NYSE SCI opened at $43.13 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.51 and a current ratio of 0.54. The firm has a market capitalization of $7.80 billion, a P/E ratio of 27.83, a P/E/G ratio of 1.90 and a beta of 1.03. Service Co. International has a 52-week low of $33.45 and a 52-week high of $44.53.

Service Co. International (NYSE:SCI) last issued its earnings results on Monday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $778.80 million during the quarter, compared to analyst estimates of $762.60 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, research analysts expect that Service Co. International will post 1.82 EPS for the current fiscal year.

In related news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Friday, August 10th. The stock was sold at an average price of $40.01, for a total value of $2,000,500.00. Following the transaction, the chief executive officer now directly owns 1,035,109 shares in the company, valued at approximately $41,414,711.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 150,000 shares of Service Co. International stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $40.15, for a total value of $6,022,500.00. Following the completion of the transaction, the chief executive officer now owns 989,709 shares in the company, valued at $39,736,816.35. The disclosure for this sale can be found here. Insiders sold a total of 482,150 shares of company stock worth $19,729,670 over the last 90 days. Insiders own 6.20% of the company’s stock.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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