Service Co. International (NYSE:SCI) Short Interest Up 5.4% in May

Service Co. International (NYSE:SCI) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 10,941,700 shares, an increase of 5.4% from the April 15th total of 10,379,400 shares. Approximately 6.2% of the company’s shares are sold short. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 8.5 days.

In other Service Co. International news, CEO Thomas L. Ryan sold 40,000 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $46.05, for a total transaction of $1,842,000.00. Following the transaction, the chief executive officer now owns 1,062,809 shares of the company’s stock, valued at $48,942,354.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gregory T. Sangalis sold 71,400 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $40.80, for a total transaction of $2,913,120.00. Following the transaction, the vice president now directly owns 169,383 shares in the company, valued at approximately $6,910,826.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 409,287 shares of company stock worth $17,844,533. 5.50% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in SCI. Global Retirement Partners LLC grew its holdings in Service Co. International by 80.5% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock worth $32,000 after acquiring an additional 352 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Service Co. International during the 1st quarter worth $38,000. Lloyds Banking Group plc acquired a new position in Service Co. International during the 4th quarter worth $47,000. Trustcore Financial Services LLC acquired a new position in Service Co. International during the 1st quarter worth $49,000. Finally, Quadrant Capital Group LLC grew its holdings in Service Co. International by 414.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock worth $52,000 after acquiring an additional 1,116 shares in the last quarter. 86.82% of the stock is owned by institutional investors.

SCI traded up $0.61 during trading hours on Friday, reaching $47.75. 614,004 shares of the stock traded hands, compared to its average volume of 718,083. The business’s fifty day moving average price is $45.60. The firm has a market cap of $8.59 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. Service Co. International has a fifty-two week low of $37.03 and a fifty-two week high of $47.77. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 2.00.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. The business had revenue of $798.20 million during the quarter, compared to analyst estimates of $791.85 million. Service Co. International had a net margin of 13.92% and a return on equity of 21.13%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. Analysts predict that Service Co. International will post 1.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, June 13th. Service Co. International’s dividend payout ratio is currently 40.22%.

SCI has been the topic of a number of research reports. Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Service Co. International has an average rating of “Buy” and an average target price of $46.75.

Service Co. International Company Profile

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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