The Sr. V.P. and General Counsel of Service International (NYSE: SCI) is Selling Shares

By Carrie Williams

Yesterday, the Sr. V.P. and General Counsel of Service International (SCIResearch Report), Gregory Sangalis, sold shares of SCI for $1.25M.

In addition to Gregory Sangalis, 2 other SCI executives reported Sell trades in the last month.

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Based on Service International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $918 million and quarterly net profit of $127 million. In comparison, last year the company earned revenue of $769 million and had a net profit of $70.79 million. The company has a one-year high of $52.99 and a one-year low of $33.93. Currently, Service International has an average volume of 364.96K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $53.33, reflecting a -9.4% downside.

In the last 30 days, insiders have sold $11.45M worth of SCI shares and purchased $4.11M worth of SCI shares. The insider sentiment on Service International has been neutral according to 49 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery business segments. The Funeral segment offers professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, cremations, memorialization, and catering. The Cemetery segment provides cemetery property interment rights, including developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options. The company was founded by Robert L. Waltrip in July 1962 and is headquartered in Houston, TX.