Kornitzer Capital Management Inc. KS Sells 61,320 Shares of Stericycle, Inc. (SRCL)
Kornitzer Capital Management Inc. KS lessened its stake in Stericycle, Inc. (NASDAQ:SRCL) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 358,384 shares of the business services provider’s stock after selling 61,320 shares during the period. Kornitzer Capital Management Inc. KS owned 0.42% of Stericycle worth $25,667,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. ST Germain D J Co. Inc. increased its position in Stericycle by 0.8% in the 3rd quarter. ST Germain D J Co. Inc. now owns 133,598 shares of the business services provider’s stock valued at $9,568,000 after acquiring an additional 1,090 shares during the period. First Merchants Corp acquired a new position in Stericycle in the 3rd quarter valued at about $1,483,000. Wedge Capital Management L L P NC increased its position in Stericycle by 16.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 554,881 shares of the business services provider’s stock valued at $39,741,000 after acquiring an additional 77,347 shares during the period. Andra AP fonden increased its position in Stericycle by 46.1% in the 3rd quarter. Andra AP fonden now owns 22,200 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 7,000 shares during the period. Finally, Goelzer Investment Management Inc. boosted its holdings in Stericycle by 8.0% in the 3rd quarter. Goelzer Investment Management Inc. now owns 56,568 shares of the business services provider’s stock valued at $4,051,000 after purchasing an additional 4,213 shares in the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.
In other news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $70.52, for a total transaction of $1,392,981.56. Following the sale, the director now owns 205,576 shares of the company’s stock, valued at approximately $14,497,219.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is owned by insiders.
A number of equities research analysts have weighed in on SRCL shares. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the company a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. William Blair reaffirmed an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Barclays PLC reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Finally, BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Stericycle presently has a consensus rating of “Hold” and an average target price of $81.25.
Shares of Stericycle, Inc. (NASDAQ SRCL) traded down $0.60 during trading hours on Friday, hitting $67.32. The stock had a trading volume of 777,425 shares, compared to its average volume of 644,269. The stock has a market cap of $5,745.02, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.80 and a beta of 0.19. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. Stericycle, Inc. has a fifty-two week low of $66.68 and a fifty-two week high of $88.00.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 EPS. sell-side analysts expect that Stericycle, Inc. will post 4.6 EPS for the current year.
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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