State of Alaska Department of Revenue Has $3 Million Position in Sotera Health (NYSE:SHC)

State of Alaska Department of Revenue increased its holdings in shares of Sotera Health (NYSE:SHCGet Rating) by 1,529.5% during the second quarter, Holdings Channel reports. The fund owned 153,284 shares of the company’s stock after acquiring an additional 143,877 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sotera Health were worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new position in shares of Sotera Health during the 4th quarter worth approximately $122,000. MetLife Investment Management LLC acquired a new position in Sotera Health in the 1st quarter valued at $139,000. Federated Hermes Inc. acquired a new position in Sotera Health in the 1st quarter valued at $157,000. Principal Financial Group Inc. grew its holdings in Sotera Health by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,750 shares of the company’s stock valued at $253,000 after buying an additional 541 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in Sotera Health in the 1st quarter valued at $317,000. 88.38% of the stock is owned by institutional investors and hedge funds.

Sotera Health Stock Up 1.2 %

Sotera Health stock opened at $7.41 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.81 and a debt-to-equity ratio of 2.83. Sotera Health has a 12-month low of $7.11 and a 12-month high of $27.38. The firm’s fifty day moving average is $17.33 and its 200 day moving average is $19.53. The company has a market capitalization of $2.10 billion, a PE ratio of 16.47 and a beta of 0.44.

Sotera Health (NYSE:SHCGet Rating) last released its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Sotera Health had a net margin of 12.82% and a return on equity of 41.00%. The company had revenue of $266.40 million for the quarter, compared to the consensus estimate of $256.30 million. During the same quarter in the previous year, the company earned $0.25 EPS. Sotera Health’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Sotera Health will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHC. TheStreet lowered Sotera Health from a “c-” rating to a “d” rating in a report on Monday. Wolfe Research lowered Sotera Health from an “outperform” rating to a “peer perform” rating and set a $26.00 price objective on the stock. in a report on Thursday, June 9th. Barclays decreased their price objective on Sotera Health from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 13th. JPMorgan Chase & Co. lowered Sotera Health from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $26.00 to $9.00 in a report on Wednesday. Finally, The Goldman Sachs Group lowered Sotera Health from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $9.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.86.

Sotera Health Profile

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Sotera Health Company provides sterilization, and lab testing and advisory services in the United States, Canada, Europe, and internationally. The company's sterilization services include gamma and electron beam irradiation, and EO processing; Nelson Labs comprise microbiological and analytical chemistry testing; and advisory services for medical device and biopharmaceutical industries.

See Also

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Institutional Ownership by Quarter for Sotera Health (NYSE:SHC)

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