Instinet Ups ServiceMaster Global Holdings (SERV) To “Buy”; Empyrean Capital Partners LP Trimmed Its Infinera (INFN) Position

February 15, 2018 - By Michael Collier

Empyrean Capital Partners Lp decreased Infinera Corporation (INFN) stake by 69.52% reported in 2017Q3 SEC filing. Empyrean Capital Partners Lp sold 1.74M shares as Infinera Corporation (INFN)’s stock declined 19.10%. The Empyrean Capital Partners Lp holds 761,949 shares with $6.76M value, down from 2.50M last quarter. Infinera Corporation now has $1.43B valuation. The stock increased 1.27% or $0.12 during the last trading session, reaching $9.56. About 1.95M shares traded or 9.71% up from the average. Infinera Corporation (NASDAQ:INFN) has declined 24.42% since February 15, 2017 and is downtrending. It has underperformed by 41.12% the S&P500.

Among 11 analysts covering ServiceMaster (NYSE:SERV), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. ServiceMaster has $65 highest and $32 lowest target. $48.10’s average target is -7.71% below currents $52.12 stock price. ServiceMaster had 26 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $43.0 target in Wednesday, November 1 report. As per Tuesday, October 31, the company rating was maintained by Robert W. Baird. As per Monday, November 20, the company rating was maintained by RBC Capital Markets. Nomura downgraded the stock to “Reduce” rating in Monday, September 19 report. The firm earned “Overweight” rating on Friday, April 7 by Piper Jaffray. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, September 28. On Monday, June 26 the stock rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, August 1 the stock rating was maintained by RBC Capital Markets with “Buy”. JP Morgan initiated it with “Overweight” rating and $49 target in Thursday, April 20 report. As per Monday, September 11, the company rating was maintained by Robert W. Baird.

Analysts await ServiceMaster Global Holdings, Inc. (NYSE:SERV) to report earnings on February, 22. They expect $0.34 EPS, down 22.73% or $0.10 from last year’s $0.44 per share. SERV’s profit will be $45.91 million for 38.32 P/E if the $0.34 EPS becomes a reality. After $0.73 actual EPS reported by ServiceMaster Global Holdings, Inc. for the previous quarter, Wall Street now forecasts -53.42% negative EPS growth.

The stock increased 1.32% or $0.68 during the last trading session, reaching $52.12. About 529,457 shares traded. ServiceMaster Global Holdings, Inc. (NYSE:SERV) has risen 0.99% since February 15, 2017 and is uptrending. It has underperformed by 15.71% the S&P500.

ServiceMaster Global Holdings, Inc. provides residential and commercial services in the United States. The company has market cap of $7.04 billion. It operates in three divisions: Terminix, American Home Shield, and the Franchise Services Group. It has a 30.16 P/E ratio. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

Empyrean Capital Partners Lp increased Dell Technologies Inc stake by 350,000 shares to 2.91M valued at $224.64 million in 2017Q3. It also upped Carrizo Oil & Gas Inc (NASDAQ:CRZO) stake by 81,450 shares and now owns 250,000 shares. Repligen Corp (Prn) was raised too.

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