Sotera Health (NASDAQ:SHC) Short Interest Down 18.7% in December

Sotera Health (NASDAQ:SHC) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 6,610,000 shares, a decrease of 18.7% from the November 30th total of 8,130,000 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is currently 5.2 days.

Sotera Health Trading Down 0.2 %

Shares of NASDAQ SHC traded down $0.03 during trading on Friday, reaching $13.48. The company had a trading volume of 694,536 shares, compared to its average volume of 1,332,887. Sotera Health has a 12 month low of $10.71 and a 12 month high of $17.44. 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 stock has a market cap of $3.82 billion, a P/E ratio of 53.92 and a beta of 1.96. The company’s fifty day moving average price is $14.17 and its 200-day moving average price is $14.29.

Sotera Health (NASDAQ:SHC) last announced 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). The business had revenue of $285.47 million for the quarter, compared to the consensus estimate of $278.64 million. Sotera Health had a net margin of 6.31% and a return on equity of 42.27%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. As a group, research analysts expect that Sotera Health will post 0.61 earnings per share for the current year.

Institutional Trading of Sotera Health

Hedge funds have recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in shares of Sotera Health during the third quarter valued at approximately $32,000. GAMMA Investing LLC grew its position in Sotera Health by 125.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,988 shares of the company’s stock worth $50,000 after purchasing an additional 1,660 shares in the last quarter. Point72 DIFC Ltd boosted its stake in shares of Sotera Health by 556.6% in the 2nd quarter. Point72 DIFC Ltd now owns 6,540 shares of the company’s stock worth $78,000 after buying an additional 5,544 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Sotera Health during the third quarter valued at approximately $91,000. Finally, Acadian Asset Management LLC boosted its position in Sotera Health by 728.0% in the second quarter. Acadian Asset Management LLC now owns 9,381 shares of the company’s stock worth $111,000 after purchasing an additional 8,248 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SHC shares. Citigroup upped their price objective on Sotera Health from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group assumed coverage on Sotera Health in a research report on Friday, December 6th. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Sotera Health in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sotera Health presently has an average rating of “Moderate Buy” and a consensus price target of $16.08.

Sotera Health Company Profile

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.