ClariVest Asset Management LLC reduced its stake in shares of StarTek, Inc. (NYSE:SRT) by 33.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,802 shares of the business services provider’s stock after selling 11,515 shares during the period. ClariVest Asset Management LLC owned 0.14% of StarTek worth $268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in StarTek by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 954,100 shares of the business services provider’s stock valued at $8,291,000 after acquiring an additional 29,596 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in StarTek by 3.9% in the first quarter. Renaissance Technologies LLC now owns 634,300 shares of the business services provider’s stock valued at $5,512,000 after acquiring an additional 23,900 shares during the last quarter. Vanguard Group Inc. lifted its holdings in StarTek by 31.3% in the second quarter. Vanguard Group Inc. now owns 376,404 shares of the business services provider’s stock valued at $4,607,000 after acquiring an additional 89,679 shares during the last quarter. Northern Trust Corp lifted its holdings in StarTek by 292.7% in the second quarter. Northern Trust Corp now owns 127,000 shares of the business services provider’s stock valued at $1,555,000 after acquiring an additional 94,656 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in StarTek by 48.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 117,548 shares of the business services provider’s stock valued at $1,439,000 after acquiring an additional 38,208 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

StarTek, Inc. (NYSE SRT) opened at $10.21 on Thursday. StarTek, Inc. has a twelve month low of $7.51 and a twelve month high of $14.78. The company has a market capitalization of $157.55, a P/E ratio of 69.71 and a beta of -0.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.41.

SRT has been the topic of a number of recent analyst reports. Lake Street Capital upped their price objective on StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut StarTek from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Royal Bank Of Canada decreased their price objective on StarTek from C$11.25 to C$11.00 and set a “sector perform” rating on the stock in a report on Monday, November 6th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $12.00 price objective on shares of StarTek in a report on Wednesday, October 4th.

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StarTek 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.

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Institutional Ownership by Quarter for StarTek (NYSE:SRT)

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