Cinctive Capital Management LP Boosts Position in Stericycle, Inc. (NASDAQ:SRCL)

Cinctive Capital Management LP raised its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 419,966 shares of the business services provider’s stock after purchasing an additional 34,966 shares during the quarter. Stericycle accounts for about 1.4% of Cinctive Capital Management LP’s holdings, making the stock its 4th biggest holding. Cinctive Capital Management LP’s holdings in Stericycle were worth $25,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Stericycle during the 2nd quarter valued at $45,000. Quest Partners LLC increased its stake in Stericycle by 4,172.7% in the second quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 918 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Stericycle during the second quarter valued at about $58,000. Innealta Capital LLC bought a new stake in Stericycle during the second quarter worth about $62,000. Finally, Quarry LP boosted its holdings in shares of Stericycle by 121.3% in the 2nd quarter. Quarry LP now owns 1,476 shares of the business services provider’s stock worth $86,000 after purchasing an additional 809 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Stericycle Stock Up 0.8 %

Shares of NASDAQ:SRCL opened at $61.98 on Monday. The stock has a market capitalization of $5.75 billion, a P/E ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10. The stock’s 50-day moving average price is $61.42 and its 200-day moving average price is $58.82. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $61.99.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Stericycle in a report on Thursday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Stericycle presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Stericycle Company 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.