Victory Capital Management Inc. Lowers Stock Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Victory Capital Management Inc. lessened its position in Stericycle, Inc. (NASDAQ:SRCL) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,942 shares of the business services provider’s stock after selling 1,165 shares during the quarter. Victory Capital Management Inc.’s holdings in Stericycle were worth $1,094,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pentwater Capital Management LP purchased a new stake in Stericycle during the second quarter worth about $83,010,000. Magnetar Financial LLC purchased a new stake in Stericycle during the 2nd quarter worth approximately $81,596,000. Millennium Management LLC lifted its holdings in Stericycle by 1,057.6% during the 2nd quarter. Millennium Management LLC now owns 1,315,274 shares of the business services provider’s stock worth $76,457,000 after buying an additional 1,201,653 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in Stericycle in the 2nd quarter valued at approximately $62,298,000. Finally, Nuance Investments LLC acquired a new position in shares of Stericycle in the second quarter worth $37,263,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Stericycle in a research note on Wednesday, November 20th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.00.

Stericycle Price Performance

Stericycle stock opened at $61.98 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $61.40 and a 200-day simple moving average of $58.47. The stock has a market cap of $5.75 billion, a P/E ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $61.99.

Stericycle Company Profile

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.