Terminix Global Holdings, Inc. (NYSE:TMX) Short Interest Up 100.5% in May

Terminix Global Holdings, Inc. (NYSE:TMXGet Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,830,000 shares, a growth of 100.5% from the April 30th total of 1,910,000 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 839,900 shares, the days-to-cover ratio is currently 4.6 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of TMX. Eaton Vance Management acquired a new position in Terminix Global during the fourth quarter valued at $93,165,000. Citigroup Inc. lifted its position in Terminix Global by 258.9% during the first quarter. Citigroup Inc. now owns 2,402,105 shares of the technology company’s stock valued at $109,608,000 after purchasing an additional 1,732,896 shares during the period. Segantii Capital Management Ltd lifted its position in Terminix Global by 292.4% during the first quarter. Segantii Capital Management Ltd now owns 1,937,782 shares of the technology company’s stock valued at $88,421,000 after purchasing an additional 1,443,955 shares during the period. JPMorgan Chase & Co. lifted its position in Terminix Global by 94.6% during the first quarter. JPMorgan Chase & Co. now owns 2,447,598 shares of the technology company’s stock valued at $111,684,000 after purchasing an additional 1,189,533 shares during the period. Finally, Norges Bank acquired a new position in Terminix Global during the fourth quarter valued at $53,158,000. Institutional investors own 97.75% of the company’s stock.

Separately, Morgan Stanley cut their price target on shares of Terminix Global from $52.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, March 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.00.

Shares of NYSE:TMX traded up $1.50 on Friday, hitting $44.22. 448,553 shares of the company were exchanged, compared to its average volume of 879,808. Terminix Global has a 1-year low of $36.30 and a 1-year high of $53.33. The stock’s 50 day moving average price is $44.79 and its 200 day moving average price is $42.93. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5.37 billion, a P/E ratio of 45.94 and a beta of 0.73.

Terminix Global (NYSE:TMXGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Terminix Global had a net margin of 5.70% and a return on equity of 7.55%. The business had revenue of $496.00 million during the quarter, compared to the consensus estimate of $492.08 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Terminix Global will post 1.58 EPS for the current fiscal year.

About Terminix Global (Get Rating)

Terminix Global Holdings, Inc provides residential and commercial termite and pest management services. The company offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with termite damage repair guarantees, periodic pest management services, insulation services, crawlspace encapsulation, wildlife exclusion, and disinfection services.

See Also

Receive News & Ratings for Terminix Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terminix Global and related companies with MarketBeat.com's FREE daily email newsletter.