The Vanguard Group, Inc. recently announced the acquisition of new stake in Sotera Health Company (NASDAQ:SHC). The institutional investor has increased its shareholding in the Healthcare company by 3.04% to 9.33 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 3.31% valued currently at $156.52 million. In addition, Citadel Advisors LLC raised its holdings by 0.91 million to 4.43 million shares. And MIG Capital LLC has lifted its position by 100.11% or 1.91 million shares – to 3.81 million shares.
With over 1.21 million Sotera Health Company (SHC) shares trading Tuesday and a closing price of $14.57 on the day, the dollar volume was approximately $17.59 million. The shares have shown a positive half year performance of 142.03% and its price on 05/23/23 lost nearly -0.21%. Currently, there are 280.69M common shares owned by the public and among those 273.64M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for SHC have a consensus price objective of $18.50. The analysts have set the share’s price value over the next 12 months at a high of $23.00 and a low of $16.00. The average price target is 23.32% above its recent price level and an upside to the estimated low will see the stock gain 8.94% over that period. But an upside of 36.65% will see the stock hit the forecast high price target while median target price for the stock is $18.00.
Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 572,879 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 53,951 shares.
The top 3 mutual fund holders in Sotera Health Company are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 3.08 million shares of the company’s stock, all valued at over $51.69 million. The company bought an additional 10460.0 shares recently to bring their total holdings to about 1.09% of the shares outstanding. Vanguard Total Stock Market ETF bought 29585.0 shares to see its total holdings expand to 3.04 million shares valued at over $51.06 million and representing 1.08% of the shares outstanding. Vanguard Small Cap Index Fund bought 14100.0 shares to bring its total holdings to over 2.58 million shares at a value of $43.35 million. Vanguard Small Cap Index Fund now owns shares totaling to 0.92% of the shares outstanding.
Shares of Sotera Health Company (NASDAQ: SHC) opened at $14.55, down -$0.05 from a prior closing price of $14.60. However, the script later moved the day high at 15.01, down -0.21%. The company’s stock has a 5-day price change of -3.19% and -16.70% over the past three months. SHC shares are trading 74.91% year to date (YTD), with the 12-month market performance down to -27.76% lower. It has a 12-month low price of $5.78 and touched a high of $24.90 over the same period. SHC has an average intraday trading volume of 1.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.39%, -11.92%, and 8.77% respectively.
Institutional ownership of Sotera Health Company (NASDAQ: SHC) shares accounts for 88.20% of the company’s 280.69M shares outstanding. Mutual fund holders own 13.62%, while other institutional holders and individual stakeholders account for 28.14% and 12.32% respectively.
It has a market capitalization of $4.23B. The earnings-per-share (ttm) stands at -$0.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.33% over the week and 3.87% over the month.
Analysts forecast that Sotera Health Company (SHC) will achieve an EPS of $0.17 for the current quarter, $0.23 for the next quarter and $0.92 for 2024. The lowest estimate earnings-per-share for the quarter is $0.16 while analysts give the company a high EPS estimate of $0.19. Comparatively, EPS for the current quarter was $0.27 a year ago. Earnings per share for the fiscal year are expected to decrease by -302.00%, and 15.43% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Sotera Health Company (SHC) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 4 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
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