Sei Investments Co. Has $2 Million Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Sei Investments Co. trimmed its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 96.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,340 shares of the business services provider’s stock after selling 1,090,141 shares during the period. Sei Investments Co.’s holdings in Stericycle were worth $1,996,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Clearstead Trust LLC acquired a new position in Stericycle during the first quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in shares of Stericycle by 170.9% during the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after buying an additional 516 shares during the period. Headlands Technologies LLC acquired a new position in Stericycle in the 1st quarter valued at about $44,000. International Assets Investment Management LLC bought a new position in Stericycle in the 2nd quarter valued at about $45,000. Finally, Quest Partners LLC lifted its position in Stericycle by 4,172.7% during the second quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after acquiring an additional 918 shares during the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Stericycle Stock Down 0.1 %

Shares of NASDAQ SRCL opened at $61.00 on Friday. The stock has a market capitalization of $5.66 billion, a P/E ratio of -277.27, a PEG ratio of 3.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $61.77. The stock’s fifty day moving average is $59.88 and its 200 day moving average is $55.43.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $661.60 million for the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. Sell-side analysts forecast that Stericycle, Inc. will post 2.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Stericycle in a research note on Thursday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.00.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.