Clearline Capital LP Sells 17,706 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Clearline Capital LP lowered its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,350 shares of the business services provider’s stock after selling 17,706 shares during the period. Clearline Capital LP owned 0.12% of Stericycle worth $6,670,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SRCL. Citigroup Inc. increased its position in Stericycle by 1,433.7% in the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock worth $124,836,000 after buying an additional 1,913,065 shares during the last quarter. Pentwater Capital Management LP purchased a new stake in Stericycle during the second quarter valued at about $83,010,000. Magnetar Financial LLC bought a new position in Stericycle during the second quarter worth about $81,596,000. Millennium Management LLC lifted its stake in shares of 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 valued at $76,457,000 after buying an additional 1,201,653 shares in the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in Stericycle in the 2nd quarter valued at approximately $62,298,000. Institutional investors own 98.82% of the company’s stock.

Stericycle Trading Up 0.8 %

Shares of SRCL opened at $61.98 on Monday. The firm has a 50 day moving average price of $61.42 and a 200-day moving average price of $58.82. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.99.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Stericycle in a report on Thursday. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Stericycle currently has an average rating of “Hold” and an average price target of $74.00.

Stericycle 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.