Teacher Retirement System of Texas Takes Position in Sotera Health Company (NASDAQ:SHC)

Teacher Retirement System of Texas purchased a new stake in Sotera Health Company (NASDAQ:SHC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,774 shares of the company's stock, valued at approximately $266,000.

A number of other institutional investors have also recently made changes to their positions in the business. Sculptor Capital LP purchased a new position in Sotera Health in the fourth quarter worth $68,400,000. Two Seas Capital LP grew its holdings in Sotera Health by 624.0% in the fourth quarter. Two Seas Capital LP now owns 2,896,136 shares of the company's stock worth $39,619,000 after purchasing an additional 2,496,136 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Sotera Health by 140.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,624,750 shares of the company's stock worth $35,907,000 after purchasing an additional 1,534,666 shares during the last quarter. Ananym Capital Management LP purchased a new position in Sotera Health in the fourth quarter worth $13,680,000. Finally, Norges Bank purchased a new position in Sotera Health in the fourth quarter worth $12,764,000. Institutional investors own 91.03% of the company's stock.

Sotera Health Trading Up 4.3%

Shares of NASDAQ SHC traded up $0.49 during trading on Wednesday, hitting $11.85. 1,311,914 shares of the company traded hands, compared to its average volume of 1,237,256. Sotera Health Company has a 1 year low of $9.53 and a 1 year high of $17.08. The company has a 50-day moving average price of $11.78 and a 200-day moving average price of $12.15. The firm has a market capitalization of $3.36 billion, a P/E ratio of 148.14 and a beta of 1.81. The company has a quick ratio of 2.19, a current ratio of 2.46 and a debt-to-equity ratio of 5.55.

Sotera Health (NASDAQ:SHC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $254.52 million during the quarter, compared to analyst estimates of $245.56 million. Sotera Health had a net margin of 2.24% and a return on equity of 41.08%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. On average, equities analysts predict that Sotera Health Company will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Piper Sandler cut their target price on shares of Sotera Health from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Barclays dropped their price objective on shares of Sotera Health from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, June 24th. Wall Street Zen raised shares of Sotera Health from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th. Finally, The Goldman Sachs Group raised shares of Sotera Health from a "neutral" rating to a "buy" rating and upped their price objective for the company from $14.00 to $17.00 in a research note on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Sotera Health 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.