Vanguard Group Inc. boosted its holdings in shares of StarTek, Inc. (NYSE:SRT) by 31.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 376,404 shares of the business services provider’s stock after purchasing an additional 89,679 shares during the quarter. Vanguard Group Inc. owned approximately 2.37% of StarTek worth $4,607,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Citigroup Inc. purchased a new stake in StarTek during the 2nd quarter worth approximately $101,000. Nationwide Fund Advisors increased its holdings in StarTek by 207.7% during the 2nd quarter. Nationwide Fund Advisors now owns 8,504 shares of the business services provider’s stock worth $104,000 after purchasing an additional 5,740 shares during the last quarter. KCG Holdings Inc. purchased a new stake in StarTek during the 1st quarter worth approximately $123,000. New York State Common Retirement Fund purchased a new stake in StarTek during the 2nd quarter worth approximately $133,000. Finally, Bank of New York Mellon Corp increased its holdings in StarTek by 4.7% during 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 purchasing an additional 1,000 shares during the last quarter. Institutional investors own 46.99% of the company’s stock.

Shares of StarTek, Inc. (SRT) traded up $0.03 during midday trading on Friday, hitting $9.83. The stock had a trading volume of 72,746 shares, compared to its average volume of 101,669. StarTek, Inc. has a 1-year low of $7.68 and a 1-year high of $14.78. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company has a market cap of $158.20, a P/E ratio of 70.00 and a beta of -0.13.

Several equities research analysts have issued reports 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 report on Thursday, August 10th. Robert W. Baird restated a “hold” rating and set a $12.00 price objective on shares of StarTek in a report on Wednesday, October 4th. Zacks Investment Research upgraded StarTek from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Royal Bank Of Canada dropped 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.

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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.

Institutional Ownership by Quarter for StarTek (NYSE:SRT)

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