StarTek, Inc. (SRT) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in StarTek, Inc. (NYSE:SRT) by 292.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,000 shares of the business services provider’s stock after acquiring an additional 94,656 shares during the period. Northern Trust Corp owned approximately 0.80% of StarTek worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of SRT. Citigroup Inc. bought a new position in shares of StarTek in the 2nd quarter worth about $101,000. Nationwide Fund Advisors raised its position in shares of StarTek by 207.7% in the 2nd quarter. Nationwide Fund Advisors now owns 8,504 shares of the business services provider’s stock worth $104,000 after acquiring an additional 5,740 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of StarTek in the 1st quarter worth about $123,000. New York State Common Retirement Fund bought a new position in shares of StarTek in the 2nd quarter worth about $133,000. Finally, Bank of New York Mellon Corp raised its position in shares of StarTek by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 22,443 shares of the business services provider’s stock worth $195,000 after acquiring an additional 1,000 shares in the last quarter. 46.99% of the stock is owned by hedge funds and other institutional investors.

Shares of StarTek, Inc. (NYSE:SRT) traded up $0.03 on Monday, hitting $9.83. The stock had a trading volume of 72,700 shares, compared to its average volume of 73,719. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $158.68, a P/E ratio of 70.21 and a beta of -0.14. StarTek, Inc. has a 12 month low of $7.68 and a 12 month high of $14.78.

Several research analysts have recently weighed in on SRT shares. Lake Street Capital lifted their price objective on StarTek from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered StarTek from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Robert W. Baird reissued a “hold” rating and issued a $12.00 price objective on shares of StarTek in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada lowered their price objective on StarTek from C$11.25 to C$11.00 and set a “sector perform” rating for the company in a research report on Monday, November 6th.

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About StarTek

StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.

Institutional Ownership by Quarter for StarTek (NYSE:SRT)

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