Servicemaster Global Holdings Inc (SERV), C&J Energy Services Inc (CJES), Caesars Entertainment Corp (CZR): Top 3 Holdings of Stepstone Group

Stepstone Group is a global private markets firm that oversees an estimated $60 billion of private capital allocations plus more than $10 billion in asset management. The firm focuses on identifying and creating customized portfolios for investors to ensure profitability, sustainability, and security. Stepstone Group submitted its SEC 13F Filings on November 14, 2014, covering the period September 30, 2014. The details of the filings show that Servicemaster Global Holdings Inc (NYSE:SERV), C&J Energy Services Inc (NYSE:CJES), and Caesars Entertainment Corp (NASDAQ:CZR) were the firm’s highest investments for the quarter.

Servicemaster Global Holdings Inc (NYSE:SERV) came forth as the topmost investment for Stepstone Group, with total investment value of $320.1 million. Servicemaster Global Holdings Inc (NYSE:SERV) is a U.S. company that offers termite, pest, and mosquito control services to residential and commercial entities. The company released its quarterly results that beat consensus estimates by $0.12. The reported EPS was $0.45 while that of analysts was $0.33. The top three shareholders of Servicemaster Global Holdings Inc (NYSE:SERV) are Ridgemont Equity Partners, Lazard Asset Management LLC, and Vaughan Nelson Scarbrgh & Mccullough LP.

Servicemaster Global Holdings Inc SERV

C&J Energy Services Inc (NYSE:CJES) was the second largest investment of the firm with total value of $39.46 million. C&J Energy Services Inc (NYSE:CJES) is an oilfield services provider based in Houston, Texas. Some of the services the company offers are hydraulic fracturing, wireline, coiled tubing, pressure pumping, and several others. The company reported $0.47 EPS for the quarter, surpassing Thomson Reuters consensus $0.34. The company’s top three shareholders are General Atlantic LLC, Capital Research Global Investors, and T. Rowe Price Associates, Inc.

Caesars Entertainment Corp (NASDAQ:CZR) came out as the third largest investment of Stepstone Group for the third quarter with a total value of $$20.95 million. Caesars Entertainment Corp (NASDAQ:CZR) is a public gaming corporation with headquarters in Las Vega, Nevada. The company runs several casinos in different parts of the world, owning both real money and online casinos. The company is planning to lay off several workers as a result of the losses and debts that it has found itself into.

This article has been written by Victor Ochieng.

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