ABS Direct Equity Fund LLC Purchases 75,000 Shares of Sotera Health Company $SHC

Key Points

• ABS Direct Equity Fund increased its Sotera Health position by 150% in the second quarter, buying 75,000 additional shares to hold 125,000 shares worth approximately $2.2 million.
• Institutional investors own 91.03% of Sotera Health, while analysts maintain a generally positive outlook: eight rate the stock Buy and three rate it Hold, with a consensus “Moderate Buy” rating and a $21.50 average price target.
• Sotera Health exceeded quarterly expectations with adjusted EPS of $0.26 versus $0.24 expected and revenue of $321.38 million, up 9.2% year over year; however, insiders sold roughly 1.29 million shares worth $24 million over the past 90 days.

ABS Direct Equity Fund LLC increased its position in Sotera Health Company (NASDAQ:SHC - Free Report) by 150.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,000 shares of the company's stock after purchasing an additional 75,000 shares during the period. Sotera Health accounts for 1.9% of ABS Direct Equity Fund LLC's portfolio, making the stock its 18th biggest position. ABS Direct Equity Fund LLC's holdings in Sotera Health were worth $2,219,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Darsana Capital Partners LP lifted its position in Sotera Health by 3.8% during the second quarter. Darsana Capital Partners LP now owns 27,000,000 shares of the company's stock valued at $479,250,000 after buying an additional 1,000,000 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Sotera Health by 3.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 19,443 shares of the company's stock worth $345,000 after buying an additional 559 shares during the period. IFP Advisors Inc increased its stake in shares of Sotera Health by 150.8% in the 2nd quarter. IFP Advisors Inc now owns 3,509 shares of the company's stock worth $62,000 after acquiring an additional 2,110 shares in the last quarter. Allworth Financial LP increased its stake in shares of Sotera Health by 95.8% in the 2nd quarter. Allworth Financial LP now owns 14,755 shares of the company's stock worth $262,000 after acquiring an additional 7,218 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Sotera Health by 31.1% during the 2nd quarter. Arizona State Retirement System now owns 76,716 shares of the company's stock valued at $1,362,000 after acquiring an additional 18,201 shares during the period. Institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SHC. Citigroup boosted their price objective on shares of Sotera Health from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Sotera Health from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. The Goldman Sachs Group initiated coverage on shares of Sotera Health in a report on Friday, June 5th. They set a "buy" rating and a $20.00 target price for the company. UBS Group set a $19.00 price target on Sotera Health in a research report on Wednesday, June 24th. Finally, Piper Sandler restated an "overweight" rating and issued a $25.00 price target on shares of Sotera Health in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Sotera Health has a consensus rating of "Moderate Buy" and an average price target of $21.50.

Sotera Health Stock Down 0.4%

Shares of Sotera Health stock opened at $18.26 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 2.55 and a current ratio of 2.80. The stock has a market capitalization of $5.21 billion, a PE ratio of 32.04 and a beta of 1.77. Sotera Health Company has a 52-week low of $13.09 and a 52-week high of $19.85. The company has a 50-day simple moving average of $18.41 and a two-hundred day simple moving average of $16.50.

Sotera Health (NASDAQ:SHC - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $321.38 million for the quarter, compared to the consensus estimate of $309.70 million. Sotera Health had a net margin of 13.44% and a return on equity of 40.12%. The business's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Sotera Health has set its FY 2026 guidance at 0.950-1.010 EPS. On average, analysts anticipate that Sotera Health Company will post 0.86 EPS for the current fiscal year.

Insider Activity at Sotera Health

In related news, insider Michael Rutz sold 150,000 shares of Sotera Health stock in a transaction on Friday, August 7th. The stock was sold at an average price of $18.84, for a total value of $2,826,000.00. Following the completion of the sale, the insider owned 334,279 shares of the company's stock, valued at $6,297,816.36. The trade was a 30.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Michael Petras, Jr. sold 850,000 shares of Sotera Health stock in a transaction on Monday, August 17th. The stock was sold at an average price of $18.50, for a total value of $15,725,000.00. Following the completion of the sale, the chairman directly owned 3,969,393 shares of the company's stock, valued at $73,433,770.50. The trade was a 17.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,294,515 shares of company stock worth $23,999,528 over the last ninety days. 15.36% of the stock is currently owned by insiders.

Sotera Health Profile

Sotera Health Inc NASDAQ: SHC is a global provider of sterilization and laboratory testing services that support the medical device, pharmaceutical, life sciences and consumer product industries. Headquartered in Jacksonville, Florida, the company offers a suite of services designed to ensure products meet rigorous safety and regulatory requirements before reaching market.

Sotera Health operates through three primary service platforms. Its Sterigenics division delivers contract sterilization solutions, including ethylene oxide (EtO), gamma irradiation, electron beam and X-ray technologies.

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