State of Alaska Department of Revenue reduced its position in shares of Service Co. International (NYSE:SCI) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,356 shares of the company’s stock after selling 610 shares during the quarter. State of Alaska Department of Revenue’s holdings in Service Co. International were worth $2,869,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Service Co. International by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,695,469 shares of the company’s stock valued at $68,257,000 after buying an additional 62,113 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Service Co. International in the 4th quarter valued at $784,000. Jane Street Group LLC acquired a new position in Service Co. International in the 4th quarter valued at $404,000. Legal & General Group Plc raised its holdings in Service Co. International by 3.8% in the 4th quarter. Legal & General Group Plc now owns 235,278 shares of the company’s stock valued at $9,472,000 after acquiring an additional 8,563 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Service Co. International by 210.8% in the 4th quarter. Millennium Management LLC now owns 94,982 shares of the company’s stock valued at $3,824,000 after acquiring an additional 64,421 shares during the last quarter. 86.91% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on SCI shares. ValuEngine upgraded Service Co. International from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Raymond James boosted their price target on Service Co. International from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Service Co. International has a consensus rating of “Buy” and a consensus target price of $50.33.
SCI traded down $0.54 during trading on Friday, hitting $45.90. The company’s stock had a trading volume of 625,270 shares, compared to its average volume of 714,978. The business has a 50 day simple moving average of $46.73. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.44 and a current ratio of 0.64. The stock has a market cap of $8.41 billion, a PE ratio of 25.64, a PEG ratio of 2.11 and a beta of 0.92. Service Co. International has a twelve month low of $37.52 and a twelve month high of $48.54.
Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $812.57 million during the quarter, compared to the consensus estimate of $811.01 million. Service Co. International had a return on equity of 20.55% and a net margin of 12.88%. Service Co. International’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. As a group, research analysts expect that Service Co. International will post 1.95 EPS for the current year.
In other news, CEO Thomas L. Ryan sold 40,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $46.05, for a total transaction of $1,842,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,062,809 shares in the company, valued at approximately $48,942,354.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas L. Ryan sold 100,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $43.83, for a total value of $4,383,000.00. Following the sale, the chief executive officer now owns 1,122,809 shares of the company’s stock, valued at $49,212,718.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 409,287 shares of company stock valued at $17,844,533. Insiders own 5.50% 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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