Cipher Capital LP Sells 23,272 Shares of Stericycle, Inc. (SRCL)
Cipher Capital LP lowered its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 68.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,806 shares of the business services provider’s stock after selling 23,272 shares during the quarter. Cipher Capital LP’s holdings in Stericycle were worth $774,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SRCL. Pacer Advisors Inc. raised its position in shares of Stericycle by 8.4% during the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after acquiring an additional 145 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Stericycle by 8.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock worth $194,000 after acquiring an additional 200 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of Stericycle during the second quarter worth $237,000. Douglass Winthrop Advisors LLC raised its position in shares of Stericycle by 6.5% during the second quarter. Douglass Winthrop Advisors LLC now owns 3,120 shares of the business services provider’s stock worth $238,000 after acquiring an additional 190 shares during the last quarter. Finally, Heartland Advisors Inc. bought a new stake in shares of Stericycle during the second quarter worth $240,000. Institutional investors own 95.57% of the company’s stock.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $70.52, for a total value of $1,392,981.56. Following the completion of the transaction, the director now directly owns 205,576 shares of the company’s stock, valued at $14,497,219.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by insiders.
Stericycle, Inc. (NASDAQ:SRCL) opened at $63.05 on Friday. Stericycle, Inc. has a 52 week low of $61.25 and a 52 week high of $88.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $5,382.77, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.19.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Stericycle had a negative net margin of 0.79% and a positive return on equity of 13.93%. The business had revenue of $883.00 million during the quarter, compared to analyst estimates of $896.81 million. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. equities research analysts predict that Stericycle, Inc. will post 4.49 EPS for the current year.
SRCL has been the subject of a number of recent research reports. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Stericycle from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and set a $85.00 target price (down previously from $95.00) on shares of Stericycle in a research report on Thursday, November 9th. Barrington Research dropped their price objective on Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Finally, Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the company a “buy” rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Stericycle presently has a consensus rating of “Hold” and a consensus target price of $76.73.
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Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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