Sotera Health (NASDAQ:SHC) Sees Large Volume Increase – Here’s What Happened

Shares of Sotera Health (NASDAQ:SHC) saw unusually-strong trading volume on Tuesday . Approximately 1,561,190 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 1,171,206 shares.The stock last traded at $11.36 and had previously closed at $11.66.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHC. The Goldman Sachs Group assumed coverage on shares of Sotera Health in a report on Friday, December 6th. They set a “neutral” rating and a $14.00 target price on the stock. Barclays cut their price objective on Sotera Health from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Sotera Health currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Sotera Health Stock Up 0.3 %

The company has a debt-to-equity ratio of 4.91, a current ratio of 2.88 and a quick ratio of 2.61. The company has a 50-day moving average of $12.73 and a two-hundred day moving average of $13.89. The company has a market capitalization of $3.16 billion, a PE ratio of 45.02 and a beta of 1.92.

Hedge Funds Weigh In On Sotera Health

Hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its position in shares of Sotera Health by 19.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 35,929 shares of the company’s stock worth $600,000 after buying an additional 5,835 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Sotera Health by 18.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,348,917 shares of the company’s stock valued at $22,527,000 after purchasing an additional 208,914 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Sotera Health during the 3rd quarter valued at approximately $1,489,000. The Manufacturers Life Insurance Company lifted its stake in shares of Sotera Health by 11.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 128,222 shares of the company’s stock valued at $2,141,000 after purchasing an additional 13,157 shares during the period. Finally, FMR LLC boosted its holdings in Sotera Health by 259.9% during the third quarter. FMR LLC now owns 32,483 shares of the company’s stock worth $542,000 after buying an additional 23,457 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

About Sotera Health

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.