Sterling Check Corp. (NASDAQ:STER) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC cut its holdings in shares of Sterling Check Corp. (NASDAQ:STERFree Report) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,882 shares of the company’s stock after selling 5,081 shares during the period. New York Life Investment Management LLC’s holdings in Sterling Check were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Sterling Check by 53.7% in the 1st quarter. Wellington Management Group LLP now owns 5,322,934 shares of the company’s stock valued at $140,685,000 after acquiring an additional 1,860,674 shares in the last quarter. Boston Partners acquired a new position in Sterling Check in the 2nd quarter valued at $12,280,000. Lazard Asset Management LLC boosted its holdings in Sterling Check by 59.2% in the 2nd quarter. Lazard Asset Management LLC now owns 1,959,579 shares of the company’s stock valued at $24,024,000 after purchasing an additional 728,411 shares during the period. Progeny 3 Inc. boosted its holdings in Sterling Check by 19.5% in the 2nd quarter. Progeny 3 Inc. now owns 3,838,912 shares of the company’s stock valued at $47,065,000 after purchasing an additional 626,400 shares during the period. Finally, BlackRock Inc. boosted its holdings in Sterling Check by 29.0% in the 1st quarter. BlackRock Inc. now owns 1,881,118 shares of the company’s stock valued at $49,719,000 after purchasing an additional 422,576 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

Sterling Check Stock Performance

Sterling Check stock opened at $13.44 on Friday. The company’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $13.01. Sterling Check Corp. has a fifty-two week low of $10.00 and a fifty-two week high of $15.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.72 and a quick ratio of 1.72.

Sterling Check (NASDAQ:STERGet Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Sterling Check had a negative net margin of 0.62% and a positive return on equity of 9.51%. The company had revenue of $180.57 million during the quarter, compared to the consensus estimate of $192.56 million. As a group, equities analysts anticipate that Sterling Check Corp. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup assumed coverage on shares of Sterling Check in a report on Thursday, November 16th. They set a “neutral” rating and a $13.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Sterling Check from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Sterling Check from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th.

Get Our Latest Research Report on Sterling Check

Sterling Check Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sterling Check (NASDAQ:STER)

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