Citigroup Inc. Increases Stock Holdings in Sterling Check Corp. (NASDAQ:STER)

Citigroup Inc. increased its stake in Sterling Check Corp. (NASDAQ:STER) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 964,478 shares of the company’s stock after acquiring an additional 60,398 shares during the quarter. Citigroup Inc.’s holdings in Sterling Check were worth $16,126,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Quest Partners LLC increased its stake in shares of Sterling Check by 7,540.0% during the second quarter. Quest Partners LLC now owns 2,674 shares of the company’s stock worth $40,000 after purchasing an additional 2,639 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sterling Check by 10.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,178 shares of the company’s stock worth $210,000 after buying an additional 1,372 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Sterling Check during the 3rd quarter worth approximately $218,000. Virtu Financial LLC acquired a new position in shares of Sterling Check during the first quarter valued at approximately $320,000. Finally, Rhumbline Advisers lifted its position in shares of Sterling Check by 4.2% in the second quarter. Rhumbline Advisers now owns 48,246 shares of the company’s stock valued at $714,000 after acquiring an additional 1,940 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Sterling Check Price Performance

NASDAQ:STER opened at $16.74 on Thursday. The stock has a 50 day moving average price of $16.81 and a 200 day moving average price of $15.97. The stock has a market cap of $1.64 billion, a PE ratio of -98.47 and a beta of 0.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.62 and a current ratio of 1.62. Sterling Check Corp. has a one year low of $10.00 and a one year high of $18.04.

Wall Street Analyst Weigh In

Separately, Citigroup increased their price objective on Sterling Check from $16.20 to $17.50 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.75.

Insiders Place Their Bets

In other news, major shareholder Melanie Laird sold 22,278 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $16.96, for a total transaction of $377,834.88. Following the completion of the sale, the insider now owns 11,049,576 shares in the company, valued at $187,400,808.96. This trade represents a 0.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.90% of the company’s stock.

About Sterling Check

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.