Service Co. International (NYSE:SCI) Shares Sold by Catawba River Capital

Catawba River Capital trimmed its position in shares of Service Co. International (NYSE:SCI) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,411 shares of the company’s stock after selling 297 shares during the quarter. Service Co. International accounts for approximately 5.3% of Catawba River Capital’s investment portfolio, making the stock its 6th biggest position. Catawba River Capital’s holdings in Service Co. International were worth $8,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC raised its holdings in Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after acquiring an additional 3,043,354 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Service Co. International by 2,527.9% in the 3rd quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after purchasing an additional 282,167 shares during the last quarter. Premier Fund Managers Ltd raised its holdings in shares of Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after purchasing an additional 210,802 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after purchasing an additional 156,086 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Service Co. International by 4,977.3% during the third quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock worth $12,279,000 after purchasing an additional 152,503 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Service Co. International

In related news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the sale, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock worth $9,356,203 in the last three months. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SCI. Oppenheimer upped their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Truist Financial raised their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Trading Down 0.2 %

Shares of SCI stock opened at $76.15 on Tuesday. Service Co. International has a twelve month low of $66.05 and a twelve month high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The business’s 50 day moving average is $80.56 and its two-hundred day moving average is $79.57. The company has a market capitalization of $11.01 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.