nVerses Capital LLC Increases Holdings in Service Co. International (NYSE:SCI)

nVerses Capital LLC boosted its position in Service Co. International (NYSE:SCI) by 75.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the company’s stock after buying an additional 300 shares during the quarter. nVerses Capital LLC’s holdings in Service Co. International were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Swedbank AB bought a new position in shares of Service Co. International during the 1st quarter valued at $224,137,000. Select Equity Group L.P. grew its stake in shares of Service Co. International by 53.5% during the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after buying an additional 2,524,795 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Service Co. International by 430.3% in the first quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock worth $26,499,000 after buying an additional 289,741 shares during the period. Millennium Management LLC increased its holdings in shares of Service Co. International by 646.5% in the second quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after buying an additional 231,980 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Service Co. International in the 2nd quarter valued at about $14,226,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

SCI opened at $76.04 on Tuesday. The stock’s 50 day moving average price is $77.38 and its 200-day moving average price is $73.76. Service Co. International has a 52-week low of $52.89 and a 52-week high of $81.32. The stock has a market capitalization of $10.98 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. On average, equities research analysts predict that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.58%. Service Co. International’s payout ratio is 34.99%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.