The Manufacturers Life Insurance Company Has $2.14 Million Stake in Sotera Health (NASDAQ:SHC)

The Manufacturers Life Insurance Company lifted its stake in Sotera Health (NASDAQ:SHC) by 11.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 128,222 shares of the company’s stock after acquiring an additional 13,157 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sotera Health were worth $2,141,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Darsana Capital Partners LP bought a new stake in shares of Sotera Health in the 2nd quarter worth approximately $29,074,000. Sessa Capital IM L.P. increased its holdings in Sotera Health by 46.5% in the 3rd quarter. Sessa Capital IM L.P. now owns 6,300,597 shares of the company’s stock valued at $105,220,000 after buying an additional 2,000,000 shares during the period. AQR Capital Management LLC increased its stake in Sotera Health by 3,198.2% in the second quarter. AQR Capital Management LLC now owns 511,580 shares of the company’s stock valued at $6,072,000 after acquiring an additional 496,069 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Sotera Health by 18.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,348,917 shares of the company’s stock worth $22,527,000 after purchasing an additional 208,914 shares during the period. Finally, AXA S.A. acquired a new stake in Sotera Health during the second quarter valued at approximately $2,247,000. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SHC shares. The Goldman Sachs Group began coverage on Sotera Health in a research report on Friday. They set a “neutral” rating and a $14.00 target price for the company. 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. Finally, Citigroup boosted their price target on shares of Sotera Health from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Sotera Health currently has an average rating of “Moderate Buy” and a consensus target price of $16.08.

Sotera Health Trading Up 1.2 %

SHC stock opened at $13.13 on Monday. The company has a quick ratio of 2.61, a current ratio of 2.88 and a debt-to-equity ratio of 4.91. Sotera Health has a twelve month low of $10.71 and a twelve month high of $17.44. The company has a market cap of $3.72 billion, a P/E ratio of 52.52 and a beta of 1.96. The business has a fifty day moving average of $14.89 and a 200-day moving average of $14.11.

Sotera Health (NASDAQ:SHC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Sotera Health had a return on equity of 42.27% and a net margin of 6.31%. The firm had revenue of $285.47 million for the quarter, compared to the consensus estimate of $278.64 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, equities research analysts expect that Sotera Health will post 0.61 EPS for the current year.

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.