Vanguard Group Inc. Has $4.61 Million Holdings in StarTek, Inc. (SRT)
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.
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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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