International Assets Investment Management LLC Boosts Holdings in Service Co. International (NYSE:SCI)

International Assets Investment Management LLC grew its position in Service Co. International (NYSE:SCI) by 7,802.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,586 shares of the company’s stock after purchasing an additional 7,490 shares during the period. International Assets Investment Management LLC’s holdings in Service Co. International were worth $599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCI. Stanley Laman Group Ltd. raised its position in shares of Service Co. International by 2.4% in the 3rd quarter. Stanley Laman Group Ltd. now owns 39,884 shares of the company’s stock valued at $3,148,000 after purchasing an additional 934 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Service Co. International in the 3rd quarter valued at approximately $57,000. Horst & Graben Wealth Management LLC bought a new stake in shares of Service Co. International in the 3rd quarter valued at approximately $221,000. 1858 Wealth Management LLC bought a new stake in shares of Service Co. International in the 3rd quarter valued at approximately $200,000. Finally, Prio Wealth Limited Partnership bought a new stake in shares of Service Co. International in the 3rd quarter valued at approximately $216,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Co. International Trading Up 1.9 %

Shares of Service Co. International stock opened at $83.76 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.39 and a beta of 0.83. The business has a fifty day simple moving average of $77.86 and a 200-day simple moving average of $74.38. Service Co. International has a fifty-two week low of $57.03 and a fifty-two week high of $83.94.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.78 earnings per share. Service Co. International’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Insider Activity

In related news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction 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 hyperlink. 4.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SCI shares. Raymond James boosted their price target on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial upped their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.25.

Service Co. International Company Profile

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.