Oregon Public Employees Retirement Fund Cuts Stock Position in Service Co. International (NYSE:SCI)

Oregon Public Employees Retirement Fund lessened its position in Service Co. International (NYSE:SCI) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,936 shares of the company’s stock after selling 4,822 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Service Co. International were worth $3,219,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Quest Capital Management Inc. ADV purchased a new stake in Service Co. International during the 3rd quarter worth about $30,000. Gradient Investments LLC increased its holdings in Service Co. International by 552.0% during the 4th quarter. Gradient Investments LLC now owns 665 shares of the company’s stock worth $31,000 after purchasing an additional 563 shares during the period. CWM LLC increased its holdings in Service Co. International by 242.0% during the 4th quarter. CWM LLC now owns 725 shares of the company’s stock worth $33,000 after purchasing an additional 513 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Service Co. International by 39.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 861 shares of the company’s stock worth $41,000 after purchasing an additional 242 shares during the period. Finally, Lenox Wealth Management Inc. purchased a new stake in Service Co. International during the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

In other news, VP Elisabeth G. Nash sold 47,600 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $44.26, for a total value of $2,106,776.00. Following the transaction, the vice president now owns 167,918 shares in the company, valued at approximately $7,432,050.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.50% of the company’s stock.

SCI has been the topic of several recent research reports. Zacks Investment Research downgraded Service Co. International from a “hold” rating to a “sell” rating and set a $47.00 price target on the stock. in a report on Monday, December 9th. Credit Suisse Group restated a “buy” rating and set a $52.00 price target on shares of Service Co. International in a report on Monday, November 4th.

Shares of SCI traded up $0.82 during mid-day trading on Friday, reaching $49.46. The company’s stock had a trading volume of 29,187 shares, compared to its average volume of 650,737. Service Co. International has a 12-month low of $38.92 and a 12-month high of $49.22. The stock has a market cap of $8.67 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.63 and a quick ratio of 0.58. The company’s 50 day moving average is $47.41 and its 200 day moving average is $46.24.

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

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