Wellington Management Group LLP Sells 105,431 Shares of Sterling Check Corp. (NASDAQ:STER)

Wellington Management Group LLP decreased its stake in Sterling Check Corp. (NASDAQ:STER) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,011,966 shares of the company’s stock after selling 105,431 shares during the period. Wellington Management Group LLP owned about 9.56% of Sterling Check worth $125,447,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sunriver Management LLC increased its holdings in shares of Sterling Check by 23.4% in the 4th quarter. Sunriver Management LLC now owns 1,107,704 shares of the company’s stock worth $15,419,000 after buying an additional 209,823 shares during the last quarter. Swiss National Bank increased its holdings in shares of Sterling Check by 6.5% in the 4th quarter. Swiss National Bank now owns 56,961 shares of the company’s stock worth $793,000 after buying an additional 3,500 shares during the last quarter. M&T Bank Corp bought a new position in shares of Sterling Check during the 4th quarter valued at $151,000. SG Americas Securities LLC grew its holdings in shares of Sterling Check by 29.0% during the 4th quarter. SG Americas Securities LLC now owns 17,213 shares of the company’s stock valued at $240,000 after purchasing an additional 3,872 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Sterling Check by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,979,401 shares of the company’s stock valued at $37,600,000 after purchasing an additional 356,649 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Sterling Check Trading Down 0.6 %

Shares of STER opened at $14.67 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of -146.70 and a beta of 0.49. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $15.32 and a two-hundred day simple moving average of $14.60. Sterling Check Corp. has a twelve month low of $10.00 and a twelve month high of $16.68.

Sterling Check (NASDAQ:STER) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Sterling Check had a negative net margin of 1.19% and a positive return on equity of 8.47%. The firm had revenue of $186.00 million for the quarter, compared to analysts’ expectations of $178.95 million. On average, research analysts anticipate that Sterling Check Corp. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STER. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $17.00 target price on shares of Sterling Check in a report on Friday, March 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.50 target price (up previously from $14.00) on shares of Sterling Check in a report on Thursday, March 14th. Finally, William Blair lowered shares of Sterling Check from an “outperform” rating to a “market perform” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.30.

About Sterling Check

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.