Retirement Systems of Alabama Has $3.10 Million Position in Sotera Health (NASDAQ:SHC)

Retirement Systems of Alabama raised its stake in shares of Sotera Health (NASDAQ:SHCFree Report) by 20.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 185,779 shares of the company’s stock after purchasing an additional 32,051 shares during the quarter. Retirement Systems of Alabama’s holdings in Sotera Health were worth $3,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. William Blair Investment Management LLC boosted its stake in Sotera Health by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 1,131,455 shares of the company’s stock valued at $13,430,000 after purchasing an additional 6,707 shares during the period. Clearline Capital LP bought a new stake in shares of Sotera Health in the second quarter valued at approximately $1,707,000. Maven Securities LTD bought a new stake in shares of Sotera Health in the third quarter valued at approximately $1,670,000. Darsana Capital Partners LP acquired a new stake in shares of Sotera Health in the second quarter worth $29,074,000. Finally, First Pacific Advisors LP bought a new position in Sotera Health during the second quarter worth $540,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Sotera Health Stock Down 0.2 %

Shares of SHC opened at $13.24 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.88 and a debt-to-equity ratio of 4.91. The company has a 50-day moving average price of $14.39 and a two-hundred day moving average price of $14.21. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 52.96 and a beta of 1.96. Sotera Health has a 12 month low of $10.71 and a 12 month high of $17.44.

Sotera Health (NASDAQ:SHCGet Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Sotera Health had a return on equity of 42.27% and a net margin of 6.31%. The company had revenue of $285.47 million for the quarter, compared to the consensus estimate of $278.64 million. During the same quarter last year, the business earned $0.18 EPS. Sotera Health’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities analysts predict that Sotera Health will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on SHC. The Goldman Sachs Group assumed coverage on shares of Sotera Health in a research report on Friday, December 6th. They issued a “neutral” rating and a $14.00 price target on the stock. Citigroup lifted their target price on Sotera Health from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Sotera Health in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.08.

Get Our Latest Research Report on Sotera Health

Sotera Health Profile

(Free Report)

Sotera Health Company engages in the provision of sterilization, lab testing, and advisory services in the United States and internationally. The company operates through three segments: Sterigenics, Nordion, and Nelson Labs. It provides mission-critical end-to-end sterilization services, including gamma and electron beam irradiation, and ethylene oxide processing, as well as designs, installs, and maintains gamma irradiation systems.

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

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