Jennison Associates Cut Its Service Intl (SCI) Stake; Berry Global Group (BERY) Shorts Decreased By 7.36%

May 24, 2018 - By Hazel Jackson

Service Corporation International (NYSE:SCI) Logo

Jennison Associates Llc decreased Service Corp Intl (SCI) stake by 88.84% reported in 2017Q4 SEC filing. Jennison Associates Llc sold 47,763 shares as Service Corp Intl (SCI)’s stock rose 0.24%. The Jennison Associates Llc holds 5,999 shares with $224,000 value, down from 53,762 last quarter. Service Corp Intl now has $6.84B valuation. The stock decreased 0.32% or $0.12 during the last trading session, reaching $37.32. About 573,563 shares traded. Service Corporation International (NYSE:SCI) has risen 22.48% since May 24, 2017 and is uptrending. It has outperformed by 10.93% the S&P500.

Berry Global Group Inc (NYSE:BERY) had a decrease of 7.36% in short interest. BERY’s SI was 1.76M shares in May as released by FINRA. Its down 7.36% from 1.90 million shares previously. With 1.04M avg volume, 2 days are for Berry Global Group Inc (NYSE:BERY)’s short sellers to cover BERY’s short positions. The stock increased 1.41% or $0.69 during the last trading session, reaching $49.75. About 2.74M shares traded or 116.14% up from the average. Berry Global Group, Inc. (NYSE:BERY) has risen 13.96% since May 24, 2017 and is uptrending. It has outperformed by 2.41% the S&P500.

Among 6 analysts covering Service Corporation International (NYSE:SCI), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Service Corporation International had 18 analyst reports since October 29, 2015 according to SRatingsIntel. Bank of America maintained the stock with “Buy” rating in Wednesday, February 21 report. Oppenheimer maintained the shares of SCI in report on Friday, February 12 with “Outperform” rating. As per Tuesday, August 2, the company rating was initiated by Wells Fargo. The stock of Service Corporation International (NYSE:SCI) earned “Buy” rating by Oppenheimer on Wednesday, June 21. The firm has “Outperform” rating given on Friday, November 3 by Credit Suisse. Oppenheimer maintained the shares of SCI in report on Thursday, August 17 with “Buy” rating. The company was maintained on Tuesday, September 26 by Oppenheimer. The company was maintained on Monday, July 17 by Oppenheimer. The stock has “Buy” rating by Deutsche Bank on Thursday, February 15. The firm earned “Outperform” rating on Thursday, April 28 by Credit Suisse.

Analysts await Service Corporation International (NYSE:SCI) to report earnings on July, 25. They expect $0.43 EPS, up 22.86% or $0.08 from last year’s $0.35 per share. SCI’s profit will be $78.83M for 21.70 P/E if the $0.43 EPS becomes a reality. After $0.47 actual EPS reported by Service Corporation International for the previous quarter, Wall Street now forecasts -8.51% negative EPS growth.

Investors sentiment increased to 1.4 in Q4 2017. Its up 0.17, from 1.23 in 2017Q3. It improved, as 28 investors sold SCI shares while 81 reduced holdings. 45 funds opened positions while 108 raised stakes. 153.16 million shares or 0.03% more from 153.11 million shares in 2017Q3 were reported. 242,461 were accumulated by Victory Cap Management. Axa accumulated 130,211 shares. Thrivent Financial For Lutherans holds 40,711 shares. Opus Capital Group Inc holds 0.55% of its portfolio in Service Corporation International (NYSE:SCI) for 66,851 shares. Pnc Fincl Serv Incorporated accumulated 0% or 12,997 shares. Brown Brothers Harriman & has invested 0% in Service Corporation International (NYSE:SCI). Howe & Rusling stated it has 243 shares or 0% of all its holdings. Clearbridge Limited Liability Company holds 0.65% of its portfolio in Service Corporation International (NYSE:SCI) for 831,969 shares. New South Cap Mngmt invested in 2.46 million shares or 2.13% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys reported 0.01% of its portfolio in Service Corporation International (NYSE:SCI). New Mexico Educational Retirement Board invested in 46,300 shares. North Star Invest Mgmt Corporation accumulated 1,475 shares or 0.01% of the stock. Northern Corp reported 1.57M shares. Teachers Retirement Of The State Of Kentucky owns 40,010 shares. Hightower Advisors Lc stated it has 0% in Service Corporation International (NYSE:SCI).

More recent Service Corporation International (NYSE:SCI) news were published by: Seekingalpha.com which released: “Service Corporation International’s (SCI) CEO Tom Ryan on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Also Globenewswire.com published the news titled: “Detailed Research: Economic Perspectives on Allegheny Technologies, Swift Transportation, Boyd Gaming, DSW, The …” on May 09, 2018. Seekingalpha.com‘s news article titled: “Left For Dead, Stonemor Has A Lot Of Upside” with publication date: May 02, 2018 was also an interesting one.

Jennison Associates Llc increased Mercadolibre Inc (NASDAQ:MELI) stake by 71,206 shares to 831,137 valued at $261.53 million in 2017Q4. It also upped Zendesk Inc (NYSE:ZEN) stake by 20,928 shares and now owns 654,579 shares. Solaris Oilfield Infrstr Inc was raised too.

Since December 11, 2017, it had 0 insider purchases, and 2 sales for $3.33 million activity. WALTRIP R L also sold $3.21M worth of Service Corporation International (NYSE:SCI) shares. Shares for $121,632 were sold by COELHO TONY.

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.13, from 1.1 in 2017Q3. It improved, as 30 investors sold Berry Global Group, Inc. shares while 97 reduced holdings. 48 funds opened positions while 108 raised stakes. 119.05 million shares or 2.22% less from 121.75 million shares in 2017Q3 were reported. Bessemer Gp reported 0% stake. Cohen Cap reported 98,530 shares. Monroe National Bank & Trust Tru Mi stated it has 0% in Berry Global Group, Inc. (NYSE:BERY). Eagle Boston Mngmt has invested 0.02% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). Brown Brothers Harriman & stated it has 0% in Berry Global Group, Inc. (NYSE:BERY). Cipher L P reported 144,477 shares stake. 2.79 million are held by Macquarie Group Inc Limited. State Of Alaska Department Of Revenue, Alaska-based fund reported 9,500 shares. Twin Tree Management L P reported 0% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). Cornerstone Advsrs invested in 0.02% or 631 shares. Lucus Advsr Ltd Liability Com invested 0.49% in Berry Global Group, Inc. (NYSE:BERY). Highbridge Lc owns 29,873 shares. Mufg Americas has invested 0.02% in Berry Global Group, Inc. (NYSE:BERY). Nippon Life Americas Inc has 28,020 shares for 0.13% of their portfolio. Ngam Advsrs L P reported 0.08% in Berry Global Group, Inc. (NYSE:BERY).

Berry Global Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in the United States, Canada, Mexico, Belgium, France, Spain, the United Kingdom, Italy, Germany, Australia, Brazil, Argentina, Colombia, Malaysia, India, China, and the Netherlands. The company has market cap of $6.55 billion. The firm operates through three divisions: Health, Hygiene & Specialties; Consumer Packaging; and Engineered Materials. It has a 14.84 P/E ratio. It offers containers; foodservice products, such as thermoformed polypropylene and injection-molded plastic drink cups; closures and over caps comprising continuous-thread and child-resistant closures, as well as aerosol over caps; bottle and prescription containers; and extruded and laminate tubes.

Another recent and important Berry Global Group, Inc. (NYSE:BERY) news was published by 247Wallst.com which published an article titled: “Top Analyst Upgrades and Downgrades: Aimmune, Anadarko, Carrizo, Mastercard, PayPal, Spotify, Visa and More” on May 18, 2018.

Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Berry Plastics Group Inc had 61 analyst reports since August 3, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of BERY in report on Wednesday, November 18 with “Buy” rating. As per Tuesday, November 10, the company rating was initiated by Macquarie Research. As per Monday, June 26, the company rating was upgraded by SunTrust. Jefferies maintained the stock with “Buy” rating in Friday, July 14 report. RBC Capital Markets maintained it with “Outperform” rating and $47 target in Thursday, August 11 report. The rating was initiated by RBC Capital Markets with “Outperform” on Friday, February 19. SunTrust maintained it with “Buy” rating and $65.0 target in Thursday, November 16 report. The firm has “Outperform” rating given on Friday, April 27 by Credit Suisse. The company was maintained on Monday, July 10 by RBC Capital Markets. The stock of Berry Global Group, Inc. (NYSE:BERY) has “Overweight” rating given on Wednesday, June 15 by Barclays Capital.

Service Corporation International (NYSE:SCI) Institutional Positions Chart

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