MetLife Investment Management LLC Increases Stock Position in Sterling Check Corp. (NASDAQ:STER)

MetLife Investment Management LLC lifted its holdings in Sterling Check Corp. (NASDAQ:STER – Get Rating) by 50.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,023 shares of the company’s stock after purchasing an additional 5,701 shares during the period. MetLife Investment Management LLC’s holdings in Sterling Check were worth $300,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its position in Sterling Check by 0.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 93,511 shares of the company’s stock valued at $1,525,000 after acquiring an additional 472 shares during the last quarter. Dark Forest Capital Management LP lifted its position in Sterling Check by 210.7% during the second quarter. Dark Forest Capital Management LP now owns 1,824 shares of the company’s stock valued at $30,000 after acquiring an additional 1,237 shares during the last quarter. Macquarie Group Ltd. lifted its position in Sterling Check by 1.1% during the second quarter. Macquarie Group Ltd. now owns 122,445 shares of the company’s stock valued at $1,997,000 after acquiring an additional 1,281 shares during the last quarter. UBS Group AG lifted its position in Sterling Check by 21.7% during the first quarter. UBS Group AG now owns 8,836 shares of the company’s stock valued at $234,000 after acquiring an additional 1,575 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Sterling Check by 18.5% during the first quarter. JPMorgan Chase & Co. now owns 11,828 shares of the company’s stock valued at $312,000 after acquiring an additional 1,848 shares during the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on STER shares. Needham & Company LLC cut shares of Sterling Check from a “buy” rating to a “hold” rating in a research report on Friday, February 10th. Barclays cut their price target on shares of Sterling Check to $14.00 in a research note on Wednesday, November 16th. William Blair restated an “outperform” rating on shares of Sterling Check in a research note on Wednesday, November 9th. Morgan Stanley cut their price target on shares of Sterling Check from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, KeyCorp cut their price target on shares of Sterling Check from $29.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, November 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Sterling Check Stock Up 1.2 %

NASDAQ:STER opened at $13.16 on Friday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 69.26 and a beta of 0.29. Sterling Check Corp. has a 1-year low of $11.65 and a 1-year high of $28.76. The company’s fifty day moving average price is $14.18 and its 200-day moving average price is $16.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.22 and a quick ratio of 2.22.

About Sterling Check

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Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.