Stericycle Target of Unusually High Options Trading (NASDAQ:SRCL)

Stericycle, Inc. (NASDAQ:SRCL) was the target of unusually large options trading activity on Thursday. Investors purchased 2,592 call options on the stock. This represents an increase of approximately 1,183% compared to the typical daily volume of 202 call options.

Shares of Stericycle stock traded down $0.12 during midday trading on Thursday, hitting $67.83. The company had a trading volume of 5,630 shares, compared to its average volume of 392,742. The business’s 50 day simple moving average is $67.45 and its two-hundred day simple moving average is $67.90. The stock has a market cap of $6.21 billion, a PE ratio of -18.93, a P/E/G ratio of 4.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.82 and a quick ratio of 0.82. Stericycle has a 1-year low of $43.83 and a 1-year high of $79.50.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, February 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.05). The company had revenue of $655.90 million during the quarter, compared to analyst estimates of $646.48 million. Stericycle had a positive return on equity of 9.42% and a negative net margin of 11.53%. On average, sell-side analysts expect that Stericycle will post 2.29 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Buckhead Capital Management LLC boosted its stake in Stericycle by 1.4% during the fourth quarter. Buckhead Capital Management LLC now owns 80,466 shares of the business services provider’s stock worth $5,579,000 after buying an additional 1,105 shares in the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in Stericycle by 11.3% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 18,509 shares of the business services provider’s stock worth $1,283,000 after buying an additional 1,875 shares in the last quarter. Strs Ohio boosted its stake in Stericycle by 4.3% during the fourth quarter. Strs Ohio now owns 24,462 shares of the business services provider’s stock worth $1,695,000 after buying an additional 1,007 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Stericycle by 3.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,098 shares of the business services provider’s stock worth $908,000 after buying an additional 455 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Stericycle by 5.9% during the fourth quarter. California Public Employees Retirement System now owns 223,801 shares of the business services provider’s stock worth $15,516,000 after buying an additional 12,543 shares in the last quarter.

About Stericycle

Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).

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