FNY Managed Accounts LLC Increases Position in Service Corporation International (SCI)

FNY Managed Accounts LLC boosted its stake in shares of Service Corporation International (NYSE:SCI) by 3,709.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the company’s stock after buying an additional 7,790 shares during the quarter. Service Corporation International makes up 2.7% of FNY Managed Accounts LLC’s portfolio, making the stock its 9th largest position. FNY Managed Accounts LLC’s holdings in Service Corporation International were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in Service Corporation International by 2.1% during the 2nd quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock valued at $142,000 after buying an additional 89 shares in the last quarter. Founders Capital Management bought a new stake in Service Corporation International during the 1st quarter valued at about $185,000. Glen Harbor Capital Management LLC lifted its holdings in Service Corporation International by 11.1% during the 1st quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock valued at $187,000 after buying an additional 608 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Service Corporation International during the 1st quarter valued at about $200,000. Finally, Homrich & Berg bought a new stake in Service Corporation International during the 1st quarter valued at about $201,000. Institutional investors own 84.83% of the company’s stock.

SCI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, August 1st. BidaskClub upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $37.00 price objective (up previously from $34.00) on shares of Service Corporation International in a report on Friday, July 21st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $37.00.

Shares of Service Corporation International (SCI) traded up 0.66% during midday trading on Monday, reaching $34.93. 330,558 shares of the company were exchanged. The firm has a market capitalization of $6.54 billion, a P/E ratio of 18.93 and a beta of 0.93. Service Corporation International has a 52 week low of $24.90 and a 52 week high of $35.89. The firm has a 50-day moving average of $35.02 and a 200 day moving average of $32.63.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $769.57 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Service Corporation International will post $1.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, September 14th. Service Corporation International’s dividend payout ratio is currently 32.43%.

In other news, CFO Eric D. Tanzberger sold 187,100 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $34.93, for a total transaction of $6,535,403.00. Following the completion of the transaction, the chief financial officer now owns 150,217 shares of the company’s stock, valued at approximately $5,247,079.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 48,606 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.92, for a total transaction of $1,551,503.52. Following the transaction, the chief executive officer now directly owns 1,123,715 shares of the company’s stock, valued at approximately $35,868,982.80. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

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Service Corporation International Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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Institutional Ownership by Quarter for Service Corporation International (NYSE:SCI)

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