Service Corporation International (NYSE:SCI), saw a high level insider reduced his standing with the company through a transaction officially filed today. Director Edward E. Williams sold a total of 20,000 shares at prices ranging from $21.13 to $21.19 per share.
After the completion of this transaction, Williams now has a total of 192,547 shares directly invested in the company. A $4.49 billion market cap company, Service Corporation International (NYSE:SCI) is a provider of deathcare products and services, with a network of funeral service locations and cemeteries primarily operating in the United States and Canada. Its operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses.
While there are multiple outside sources that have invested in the company, the biggest is Iridian Asset Management, the hedge fund controlled by David Cohen and Harold levy; after raising it’s holdings by 13% last quarter the fund now has 7,234,470 shares worth nearly $144 million invested in Service Corporation International (NYSE:SCI).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.