Verition Fund Management LLC Purchases New Shares in Sotera Health (NYSE:SHC)

Verition Fund Management LLC purchased a new stake in shares of Sotera Health (NYSE:SHCGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 170,508 shares of the company’s stock, valued at approximately $3,693,000. Verition Fund Management LLC owned approximately 0.06% of Sotera Health at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SHC. Schroder Investment Management Group lifted its position in shares of Sotera Health by 134.5% during the fourth quarter. Schroder Investment Management Group now owns 1,959,946 shares of the company’s stock valued at $46,157,000 after purchasing an additional 1,124,162 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Sotera Health during the first quarter worth about $17,068,000. Point72 Asset Management L.P. purchased a new stake in Sotera Health during the fourth quarter worth about $15,770,000. BlackRock Inc. increased its holdings in Sotera Health by 7.6% during the first quarter. BlackRock Inc. now owns 6,252,520 shares of the company’s stock worth $135,429,000 after buying an additional 439,762 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. increased its holdings in Sotera Health by 97.8% during the first quarter. Bronte Capital Management Pty Ltd. now owns 784,635 shares of the company’s stock worth $16,995,000 after buying an additional 387,968 shares during the last quarter. 88.38% of the stock is owned by institutional investors.

Sotera Health Price Performance

SHC opened at $14.73 on Friday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 33.51 and a beta of 0.44. The company has a quick ratio of 2.53, a current ratio of 2.81 and a debt-to-equity ratio of 2.83. The firm has a 50-day moving average price of $18.25 and a 200-day moving average price of $19.89. Sotera Health has a twelve month low of $14.53 and a twelve month high of $27.38.

Sotera Health (NYSE:SHCGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $266.40 million during the quarter, compared to the consensus estimate of $256.30 million. Sotera Health had a net margin of 12.82% and a return on equity of 41.00%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. Equities analysts expect that Sotera Health will post 0.91 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on SHC. Wolfe Research downgraded shares of Sotera Health from an “outperform” rating to a “peer perform” rating and set a $26.00 price objective for the company. in a report on Thursday, June 9th. Barclays decreased their price objective on shares of Sotera Health from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.83.

Sotera Health Profile

(Get Rating)

Sotera Health Company provides sterilization, and lab testing and advisory services in the United States, Canada, Europe, and internationally. The company's sterilization services include gamma and electron beam irradiation, and EO processing; Nelson Labs comprise microbiological and analytical chemistry testing; and advisory services for medical device and biopharmaceutical industries.

See Also

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

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