Traders Sell Service Co. International (SCI) on Strength (SCI)

Investors sold shares of Service Co. International (NYSE:SCI) on strength during trading hours on Friday. $7.98 million flowed into the stock on the tick-up and $39.15 million flowed out of the stock on the tick-down, for a money net flow of $31.17 million out of the stock. Of all companies tracked, Service Co. International had the 0th highest net out-flow for the day. Service Co. International traded up $0.50 for the day and closed at $40.30

Several research firms have recently weighed in on SCI. Zacks Investment Research raised shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, August 2nd. ValuEngine cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.20.

The stock has a market capitalization of $7.18 billion, a PE ratio of 22.87, a PEG ratio of 1.73 and a beta of 0.97. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 2.37.



Service Co. International (NYSE:SCI) last released its quarterly earnings data on Monday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Service Co. International had a net margin of 15.59% and a return on equity of 23.37%. The firm had revenue of $796.09 million during the quarter, compared to analysts’ expectations of $792.56 million. During the same period last year, the business earned $0.35 earnings per share. Service Co. International’s revenue was up 3.0% compared to the same quarter last year. research analysts forecast that Service Co. International will post 1.85 EPS for the current fiscal year.

In other news, CEO Thomas L. Ryan sold 150,000 shares of Service Co. International stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $40.15, for a total value of $6,022,500.00. Following the transaction, the chief executive officer now directly owns 989,709 shares of the company’s stock, valued at approximately $39,736,816.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven A. Tidwell sold 17,384 shares of Service Co. International stock in a transaction on Friday, June 8th. The shares were sold at an average price of $36.63, for a total transaction of $636,775.92. Following the completion of the transaction, the vice president now directly owns 50,847 shares in the company, valued at $1,862,525.61. The disclosure for this sale can be found here. Insiders sold 532,619 shares of company stock valued at $20,839,215 in the last quarter. 6.20% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Service Co. International by 3.0% in the 2nd quarter. BlackRock Inc. now owns 17,373,394 shares of the company’s stock valued at $621,792,000 after acquiring an additional 499,259 shares during the period. Select Equity Group L.P. increased its holdings in shares of Service Co. International by 0.9% in the 1st quarter. Select Equity Group L.P. now owns 10,434,919 shares of the company’s stock valued at $393,814,000 after acquiring an additional 88,849 shares during the period. First Manhattan Co. increased its holdings in shares of Service Co. International by 1.9% in the 2nd quarter. First Manhattan Co. now owns 3,628,723 shares of the company’s stock valued at $129,872,000 after acquiring an additional 68,948 shares during the period. Acadian Asset Management LLC increased its stake in Service Co. International by 4.9% in the 2nd quarter. Acadian Asset Management LLC now owns 2,962,712 shares of the company’s stock valued at $106,036,000 after buying an additional 137,876 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Service Co. International by 12.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 2,751,000 shares of the company’s stock valued at $98,458,000 after buying an additional 300,000 shares during the period. 86.36% of the stock is currently owned by institutional investors and hedge funds.

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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