StockNews.com Begins Coverage on Stericycle (NASDAQ:SRCL)

StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL) in a research report report published on Tuesday morning. The firm issued a hold rating on the business services provider’s stock.

Stericycle Price Performance

Shares of SRCL stock opened at $61.98 on Tuesday. The company has a market capitalization of $5.75 billion, a PE ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10. The firm has a fifty day simple moving average of $61.36 and a 200-day simple moving average of $57.52. 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 has a twelve month low of $37.78 and a twelve month high of $61.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. raised its holdings in Stericycle by 1,433.7% in the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock valued at $124,836,000 after acquiring an additional 1,913,065 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in Stericycle in the second quarter valued at $83,010,000. Magnetar Financial LLC acquired a new stake in Stericycle in the second quarter valued at $81,596,000. Millennium Management LLC raised its holdings in Stericycle by 1,057.6% in the second quarter. Millennium Management LLC now owns 1,315,274 shares of the business services provider’s stock valued at $76,457,000 after acquiring an additional 1,201,653 shares in the last quarter. Finally, Alpine Associates Management Inc. acquired a new stake in Stericycle in the second quarter valued at $62,298,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

About Stericycle

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.