StarTek, Inc. (SRT) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. increased its stake in shares of StarTek, Inc. (NYSE:SRT) by 202.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,204 shares of the business services provider’s stock after buying an additional 20,216 shares during the period. Russell Investments Group Ltd. owned about 0.19% of StarTek worth $262,000 as of its most recent SEC filing.
Separately, Renaissance Technologies LLC boosted its stake in shares of StarTek by 22.5% in the fourth quarter. Renaissance Technologies LLC now owns 610,400 shares of the business services provider’s stock worth $5,158,000 after buying an additional 112,000 shares during the period. Institutional investors and hedge funds own 46.05% of the company’s stock.
Shares of StarTek, Inc. (NYSE SRT) traded up 3.88% during trading on Monday, hitting $12.58. 50,219 shares of the company were exchanged. The firm has a market capitalization of $200.00 million, a PE ratio of 96.03 and a beta of -0.07. The firm’s 50-day moving average price is $12.34 and its 200 day moving average price is $10.02. StarTek, Inc. has a 12 month low of $4.16 and a 12 month high of $14.78.
COPYRIGHT VIOLATION WARNING: This article was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/07/russell-investments-group-ltd-has-262000-stake-in-startek-inc-srt-updated-updated-updated.html.
Separately, Zacks Investment Research raised shares of StarTek from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Saturday, May 13th.
In other StarTek news, Director Arnaud Ajdler sold 119,919 shares of StarTek stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $11.35, for a total transaction of $1,361,080.65. Following the sale, the director now directly owns 37,507 shares in the company, valued at approximately $425,704.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.80% of the stock is owned by insiders.
StarTek Company Profile
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.
Receive News & Stock Ratings for StarTek Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StarTek Inc. and related stocks with our FREE daily email newsletter.