Will Service Corporation International (NYSE:SCI) Run Out of Steam Soon? Short Interest Is Down

November 7, 2017 - By Hazel Jackson

 Will Service Corporation International (NYSE:SCI) Run Out of Steam Soon? Short Interest Is Down

Investors sentiment decreased to 1.06 in 2017 Q2. Its down 0.32, from 1.38 in 2017Q1. It dropped, as 24 investors sold Service Corporation International shares while 96 reduced holdings. 34 funds opened positions while 93 raised stakes. 154.07 million shares or 2.01% less from 157.22 million shares in 2017Q1 were reported.
Wright Invsts Service Inc holds 0.08% or 6,285 shares. Moreover, Employees Retirement Of Ohio has 0.11% invested in Service Corporation International (NYSE:SCI). Thompson Davis And holds 0.04% or 778 shares. Copeland Limited Liability, Pennsylvania-based fund reported 292,071 shares. 137,253 are held by Texas Permanent School Fund. Metropolitan Life New York, a New York-based fund reported 184,826 shares. Clough Capital Ptnrs Limited Partnership holds 230,868 shares or 0.54% of its portfolio. Parametric Portfolio Assoc Ltd Liability Corporation has invested 0.01% in Service Corporation International (NYSE:SCI). Reliance Trust Of Delaware stated it has 10,369 shares. Three Peaks Management Ltd Liability Company owns 175,923 shares for 0.87% of their portfolio. 15.20M were reported by Vanguard Grp. Hanson Mcclain holds 0% or 203 shares. Pitcairn Co holds 11,168 shares or 0.04% of its portfolio. 959,865 are owned by Goldman Sachs Gru. First Manhattan stated it has 1.04% in Service Corporation International (NYSE:SCI).

Since May 8, 2017, it had 0 buys, and 4 insider sales for $6.73 million activity. 2,346 shares valued at $75,612 were sold by WALTRIP W BLAIR on Monday, May 8. Shares for $1.55M were sold by RYAN THOMAS L. On Thursday, June 1 Williams Edward E sold $321,225 worth of Service Corporation International (NYSE:SCI) or 10,000 shares.

The stock of Service Corporation International (NYSE:SCI) registered a decrease of 0.33% in short interest. SCI’s total short interest was 8.71M shares in November as published by FINRA. Its down 0.33% from 8.74 million shares, reported previously. With 800,200 shares average volume, it will take short sellers 11 days to cover their SCI’s short positions. The short interest to Service Corporation International’s float is 4.78%.

About 290,905 shares traded. Service Corporation International (NYSE:SCI) has risen 20.29% since November 7, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

Service Corporation International is a well-known provider of deathcare services and products, with a network of funeral service locations and cemeteries. The company has market cap of $6.79 billion. The Company’s divisions include Funeral, Cemetery and Corporate. It has a 19.09 P/E ratio. It conducts both funeral and cemetery activities in the United States and Canada.

Service Corporation International (NYSE:SCI) Ratings Coverage

Among 5 analysts covering Service Corporation International (NYSE:SCI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Service Corporation International had 13 analyst reports since October 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Oppenheimer given on Thursday, November 2. The firm has “Outperform” rating by Credit Suisse given on Friday, November 3. The rating was initiated by Oppenheimer on Wednesday, November 11 with “Outperform”. Oppenheimer maintained the shares of SCI in report on Thursday, August 17 with “Buy” rating. On Wednesday, July 26 the stock rating was maintained by Oppenheimer with “Buy”. Oppenheimer maintained the shares of SCI in report on Wednesday, June 21 with “Buy” rating. The stock of Service Corporation International (NYSE:SCI) has “Buy” rating given on Monday, July 17 by Oppenheimer. The firm has “Buy” rating given on Tuesday, September 26 by Oppenheimer. The rating was initiated by Wells Fargo with “Market Perform” on Tuesday, August 2. Oppenheimer maintained Service Corporation International (NYSE:SCI) on Friday, February 12 with “Outperform” rating.

Another recent and important Service Corporation International (NYSE:SCI) news was published by Seekingalpha.com which published an article titled: “Service Corporation International’s (SCI) CEO Tom Ryan on Q3 2017 Results …” on October 27, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.