Servicemaster Global Holdings Inc (NYSE:SERV) Short Interest Up 9.6% in January

Servicemaster Global Holdings Inc (NYSE:SERV) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 5,940,000 shares, an increase of 9.6% from the January 15th total of 5,420,000 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,190,000 shares, the days-to-cover ratio is currently 2.7 days.

Shares of SERV stock traded up $0.69 during midday trading on Friday, reaching $37.71. 35,552 shares of the company traded hands, compared to its average volume of 1,350,997. The firm’s 50 day simple moving average is $36.98 and its two-hundred day simple moving average is $45.63. Servicemaster Global has a 1-year low of $33.53 and a 1-year high of $58.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.84. The firm has a market cap of $4.81 billion, a PE ratio of -53.83, a price-to-earnings-growth ratio of 1.50 and a beta of 0.49.

Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Servicemaster Global by 6.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,849 shares of the business services provider’s stock worth $495,000 after purchasing an additional 521 shares during the last quarter. Argent Capital Management LLC raised its holdings in Servicemaster Global by 4.0% in the 4th quarter. Argent Capital Management LLC now owns 19,270 shares of the business services provider’s stock valued at $745,000 after acquiring an additional 735 shares during the last quarter. Rhumbline Advisers raised its holdings in Servicemaster Global by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 111,361 shares of the business services provider’s stock valued at $6,225,000 after acquiring an additional 836 shares during the last quarter. California State Teachers Retirement System raised its holdings in Servicemaster Global by 0.4% in the 3rd quarter. California State Teachers Retirement System now owns 217,686 shares of the business services provider’s stock valued at $12,169,000 after acquiring an additional 908 shares during the last quarter. Finally, Virginia Retirement Systems ET AL raised its holdings in Servicemaster Global by 7.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 14,600 shares of the business services provider’s stock valued at $816,000 after acquiring an additional 1,000 shares during the last quarter.

A number of equities analysts recently issued reports on SERV shares. Jefferies Financial Group started coverage on Servicemaster Global in a report on Wednesday, November 27th. They set a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research raised Servicemaster Global from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th. TheStreet lowered Servicemaster Global from a “b+” rating to a “c” rating in a report on Friday, November 15th. Buckingham Research reaffirmed a “neutral” rating and issued a $45.00 price objective (down previously from $61.00) on shares of Servicemaster Global in a report on Friday, October 25th. Finally, ValuEngine downgraded shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Servicemaster Global presently has an average rating of “Hold” and an average target price of $50.44.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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