Cinctive Capital Management LP Has $25.62 Million Position in Stericycle, Inc. (NASDAQ:SRCL)

Cinctive Capital Management LP increased its position in Stericycle, Inc. (NASDAQ:SRCL) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 419,966 shares of the business services provider’s stock after acquiring an additional 34,966 shares during the quarter. Stericycle comprises 1.4% of Cinctive Capital Management LP’s investment portfolio, making the stock its 4th largest holding. Cinctive Capital Management LP owned approximately 0.45% of Stericycle worth $25,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SRCL. International Assets Investment Management LLC purchased a new position in shares of Stericycle in the second quarter worth about $45,000. Quest Partners LLC grew its stake in Stericycle by 4,172.7% in the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock valued at $55,000 after buying an additional 918 shares in the last quarter. Summit Securities Group LLC bought a new stake in Stericycle during the 2nd quarter valued at $58,000. Innealta Capital LLC purchased a new stake in shares of Stericycle during the second quarter worth $62,000. Finally, Quarry LP boosted its holdings in shares of Stericycle by 121.3% in the second quarter. Quarry LP now owns 1,476 shares of the business services provider’s stock worth $86,000 after acquiring an additional 809 shares during the period. 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 firm has a fifty day moving average price of $61.42 and a two-hundred day moving average price of $58.82. The company 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 current ratio of 1.20 and a quick ratio of 1.13. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.99.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Stericycle in a research note on Thursday. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.