Southpoint Capital Advisors LP boosted its position in Stericycle, Inc. (NASDAQ:SRCL) by 20.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000,000 shares of the business services provider’s stock after buying an additional 500,000 shares during the quarter. Stericycle makes up approximately 3.4% of Southpoint Capital Advisors LP’s portfolio, making the stock its 9th biggest position. Southpoint Capital Advisors LP owned about 3.27% of Stericycle worth $202,530,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Asset Advisory Services LLC bought a new position in shares of Stericycle during the fourth quarter valued at approximately $29,000. WD Rutherford LLC raised its holdings in shares of Stericycle by 191.1% during the first quarter. WD Rutherford LLC now owns 655 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 430 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Stericycle by 79.6% during the first quarter. Captrust Financial Advisors now owns 697 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 309 shares in the last quarter. Eudaimonia Partners LLC raised its holdings in Stericycle by 20.1% in the fourth quarter. Eudaimonia Partners LLC now owns 991 shares of the business services provider’s stock worth $69,000 after purchasing an additional 166 shares in the last quarter. Finally, Gables Capital Management Inc. raised its holdings in Stericycle by 34.3% in the first quarter. Gables Capital Management Inc. now owns 1,030 shares of the business services provider’s stock worth $70,000 after purchasing an additional 263 shares in the last quarter. 96.99% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ SRCL traded down $0.68 during trading on Thursday, reaching $70.13. The company had a trading volume of 1,109 shares, compared to its average volume of 265,896. Stericycle, Inc. has a 12-month low of $59.01 and a 12-month high of $79.97. The stock has a market cap of $6.44 billion, a PE ratio of -544.65, a PEG ratio of 2.85 and a beta of 1.37. The business’s 50-day moving average is $74.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.80 and a current ratio of 0.80.
In other Stericycle news, EVP Stephen Cory White sold 1,390 shares of the stock in a transaction dated Monday, July 12th. The stock was sold at an average price of $70.72, for a total value of $98,300.80. Following the transaction, the executive vice president now owns 2,414 shares of the company’s stock, valued at $170,718.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.
Separately, TheStreet downgraded Stericycle from a “b-” rating to a “c” rating in a report on Wednesday, June 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.33.
Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).
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