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Sally Jones
Sally Jones
Articles (580) 

Real-Time with Mason Hawkins, Major Sell SCI

May 11, 2013 | About:

According to the GuruFocus Real Time Picks, Mason Hawkins of Southeastern Asset Management, reduced his Service Corporation International Inc. (NYSE:SCI) shares by 43.81% in the average price range of $16.83, as of May 10, 2013. Hawkins now owns 13,813,222 shares or 6.5% of the company. The stock price is $16.95 with a change from average up 1%. This trade impacts his portfolio by 0.82%. Service Corporation International is the largest provider of funeral, cemetery and deathcare products and services in North America.

A look at the trading history from second quarter of 2008 to fourth quarter 2012 shows a consistent high-gain path. Hawkins made his highest gain of 331.3% on this holding in the first quarter of 2009.

His holding history:

Up 45% over 12 months, Service Corporation International, Inc. has a market cap of $3.56 billion, and a P/E of 22.50 and a P/S of 1.49. The company was incorporated in Texas in 1962, and operates 1,423 funeral service locations and 374 cemeteries in North America.

Service Corporation International reported results for the first quarter 2013, with net income of $56.7 up from $47 a year ago. Revenue for the first quarter is $625 million compared to $602 million in the same quarter a year ago.

1368297138024.pngSCI data by GuruFocus.com

Service Corporation’s President and CEO Tom Ryan commented on the first quarter of 2013:

"We are very proud of the operating performance of our businesses during the first quarter which delivered an impressive 40% improvement in EPS from continuing operations excluding special items. Strong pre-need cemetery sales production and a meaningful increase in funeral services performed drove earnings to the high end of our expectations. On this strong performance, we anticipate results for the year trending toward the upper end of the earnings and cash flow guidance ranges previously provided, and we remain confident that our solid operating platform and healthy financial position will allow us to actively pursue our growth strategies throughout the year and continue our focus on increasing shareholder value."

Guru Mason Hawkins, once called a “low-key activist,” has been chairman and CEO of Southeastern Asset Management since 1975. He and his partners manage the Longleaf Partners Funds. With a quarter-over-quarter turnover of 8%, Southeastern Asset Management portfolio has 45 stocks, six of them new, with a total value of $22.8 billion.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

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