California Public Employees Retirement System maintained its stake in shares of StarTek, Inc. (NYSE:SRT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,391 shares of the business services provider’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned 0.38% of StarTek worth $739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of StarTek by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 22,443 shares of the business services provider’s stock valued at $195,000 after purchasing an additional 1,000 shares during the period. Nationwide Fund Advisors lifted its stake in shares of StarTek by 207.7% in the second quarter. Nationwide Fund Advisors now owns 8,504 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 5,740 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of StarTek by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 37,695 shares of the business services provider’s stock valued at $461,000 after purchasing an additional 7,491 shares during the period. Citigroup Inc. acquired a new stake in shares of StarTek in the second quarter valued at about $101,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of StarTek in the second quarter valued at about $133,000. Hedge funds and other institutional investors own 49.58% of the company’s stock.

StarTek, Inc. (NYSE:SRT) opened at $9.73 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. StarTek, Inc. has a twelve month low of $7.51 and a twelve month high of $14.78. The firm has a market cap of $156.91, a PE ratio of 69.43 and a beta of -0.12.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of StarTek from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Robert W. Baird restated a “hold” rating and set a $12.00 target price on shares of StarTek in a report on Wednesday, October 4th. Lake Street Capital raised their target price on shares of StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada dropped their target price on shares of StarTek from C$11.25 to C$11.00 and set a “sector perform” rating for the company in a report on Monday, November 6th.

TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/startek-inc-srt-holdings-maintained-by-california-public-employees-retirement-system/1708794.html.

About StarTek

StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.

Want to see what other hedge funds are holding SRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StarTek, Inc. (NYSE:SRT).

Institutional Ownership by Quarter for StarTek (NYSE:SRT)

Receive News & Ratings for StarTek Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StarTek Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.