StarTek, Inc. (SRT) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp boosted its stake in shares of StarTek, Inc. (NYSE:SRT) by 4.7% during the first quarter, Holdings Channel reports. The firm owned 22,443 shares of the business services provider’s stock after buying an additional 1,000 shares during the period. Bank of New York Mellon Corp’s holdings in StarTek were worth $195,000 as of its most recent SEC filing.
Separately, Acadian Asset Management LLC raised its position in shares of StarTek by 70.6% in the first quarter. Acadian Asset Management LLC now owns 150,761 shares of the business services provider’s stock valued at $1,307,000 after buying an additional 62,407 shares during the period. Hedge funds and other institutional investors own 46.05% of the company’s stock.
StarTek, Inc. (SRT) opened at 12.19 on Thursday. The stock has a 50 day moving average of $12.56 and a 200 day moving average of $10.16. StarTek, Inc. has a one year low of $4.23 and a one year high of $14.78. The firm has a market cap of $193.80 million, a price-to-earnings ratio of 93.05 and a beta of -0.07.
Separately, Zacks Investment Research raised shares of StarTek from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Saturday, May 13th.
In other news, Director Arnaud Ajdler sold 119,919 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $11.35, for a total transaction of $1,361,080.65. Following the completion of the sale, the director now directly owns 37,507 shares in the company, valued at $425,704.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.80% of the company’s stock.
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).
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.