River Global Investors LLP Sells 10,971 Shares of Stericycle, Inc. (NASDAQ:SRCL)

In the third quarter, River Global Investors LLP significantly reduced its investment in Stericycle, Inc. (NASDAQ:SRCL) by 39.4%. This was revealed in the latest report filed with the Securities and Exchange Commission (SEC). Following this action, the fund now holds 16,882 shares of Stericycle's stock, having sold 10,971 shares during the quarter.

At the close of the most recent reporting period, River Global Investors LLP's holdings in Stericycle were valued at approximately $1,030,000.

Institutional Investors Adjust Their Holdings

Other institutional investors and hedge funds have also made adjustments to their stakes in Stericycle recently. For instance, First Eagle Investment Management LLC increased its position in Stericycle by 5.2% during the first quarter, now owning 242,975 shares worth $12,817,000 after acquiring an additional 12,000 shares.

Furthermore, Illinois Municipal Retirement Fund entered a new position in Stericycle valued at $756,000 during the same quarter. Sei Investments Co. also raised its stake by 5.9%, owning 1,124,481 shares valued at $59,316,000 after increasing its holdings by 63,112 shares.

Additionally, Quantbot Technologies LP acquired a new position in Stericycle worth about $1,023,000, while BNP Paribas Financial Markets raised its ownership by 21.5%, now reaching 7,957 shares valued at $420,000 after buying 1,408 more shares. This indicates a strong institutional interest, with hedge funds and institutional investors controlling 98.82% of the company's stock.

Market Analysts' Opinions

In an update, StockNews.com launched coverage on Stericycle shares in a research note on November 4th, designating the stock with a "hold" rating. Among market analysts, one has issued a sell rating, four have provided hold ratings, and two have given buy ratings, leading to a consensus rating of "Hold" for the company. The average target price for Stericycle is currently set at $74.00 according to data from MarketBeat.com.

Stericycle's Recent Stock Performance

The price of Stericycle shares (NASDAQ:SRCL) remained stable at $61.98 during trading sessions. The company has a 50-day moving average of $61.13 and a 200-day moving average of $57.19. Throughout the past year, Stericycle's stock has recorded a low of $37.78 and reached a high of $61.99. Currently, Stericycle has a market capitalization of $5.75 billion, with a price-to-earnings (P/E) ratio of 163.11 and a price/earnings to growth (PEG) ratio of 3.38. The company has a beta of 1.10, a current ratio of 1.20, a quick ratio of 1.13, and a debt-to-equity ratio of 0.53.

About Stericycle, Inc.

Stericycle, Inc., along with its subsidiaries, provides regulated waste and compliance services in various regions including the United States and Europe. The services offered encompass regulated medical waste management, sharps waste disposal, pharmaceutical waste management, and several compliance solutions meant for healthcare settings. They also offer specialty services like medication collection kiosks and tailored waste solutions for various industries.

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