Servicemaster Global Holdings Inc. (SERV) CEO Unloads Over 75% of Shares, Plus Heavy Insider Buying at 4 Companies

Board Members at Independent Energy Company Boost Their Equity Holdings

Two Board members of Apache Corporation (NYSE:APA) also snapped up some shares this week. Chansoo Joung, who joined the company’s Board of Directors in February 2011, bought 15,000 shares on Wednesday at prices that ranged from $57.97 and $58.06 per share. Mr. Joung currently owns an aggregate of 45,285 shares. John E. Lowe, Non-Executive Chairman of the company’s Board, acquired 2,132 shares on Monday at $57.65 apiece, a purchase that lifted his holding to 7,500 shares.

The independent energy company has seen the value of its shares rise by 30% since the beginning of the year. Apache Corporation (NYSE:APA) has exploration and production operations in the United States, Canada, Egypt, and offshore of the United Kingdom in the North Sea. The company reported a loss of $607 million for the third quarter, compared to a loss of $4.1 billion recorded for the same period of the previous year. The net losses for both periods reflected asset impairments resulting from the significant drop in crude oil prices starting in late-2014. Ray Dalio’s Bridgewater Associates owns 104,800 shares of Apache Corporation (NYSE:APA) as of September 30.

CEO of Residential and Commercial Services Provider Sells Massive Amount of Shares

The man in charge of Servicemaster Global Holdings Inc. (NYSE:SERV) discarded two sizable blocks of shares earlier this week. Chief Executive Officer Robert J. Gillette liquidated 150,000 shares on Tuesday and 193,750 shares on Wednesday at prices ranging from $36.00 to $36.86 per share. Mr. Gillette currently holds a stake of 100,615 shares following the recent transactions.

The insider selling comes shortly after the residential and commercial services provider released its financial results for the third quarter at the end of October. Servicemaster Global Holdings Inc. (NYSE:SERV) reported revenue of $758 million for the quarter, which was an increase from $706 million recorded a year prior. The increase in the company’s top-line mainly reflected organic growth at American Home Shield, the impacts of acquiring Alterra Pest Control LLC last November and OneGuard Home Warranties in June, as well as organic revenue growth of 2% at Terminix. Scopia Capital Management, founded by Matt Sirovich and Jeremy Mindich, was the owner of 3.07 million shares of Servicemaster Global Holdings Inc. (NYSE:SERV) at the end of June.

Disclosure: None