Some Traders See Unusual Bearish Options Activity in Stericycle Inc

 Some Traders See Unusual Bearish Options Activity in Stericycle Inc

In today’s session Stericycle Inc (SRCL) recorded an unusually high (240) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SRCL decrease. With 240 contracts traded and 1234 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SRCL170120P00070000 closed last at: $1.05 or 12.5% down. About 58,133 shares traded hands. Stericycle Inc (NASDAQ:SRCL) has declined 37.95% since April 26, 2016 and is downtrending. It has underperformed by 43.21% the S&P500.

Analysts await Stericycle Inc (NASDAQ:SRCL) to report earnings on February, 2. They expect $1.21 earnings per share, up 9.01% or $0.10 from last year’s $1.11 per share. SRCL’s profit will be $101.94 million for 15.62 P/E if the $1.21 EPS becomes a reality. After $1.24 actual earnings per share reported by Stericycle Inc for the previous quarter, Wall Street now forecasts -2.42% negative EPS growth.

Stericycle Inc (NASDAQ:SRCL) Ratings Coverage

Out of 12 analysts covering Stericycle (NASDAQ:SRCL), 3 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 25% are positive. $160 is the highest target while $77 is the lowest. The $96.13 average target is 27.14% above today’s ($75.61) stock price. Stericycle has been the topic of 31 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, August 26 by Macquarie Research. RBC Capital Markets maintained the shares of SRCL in a report on Friday, October 23 with “Sector Perform” rating. As per Friday, October 23, the company rating was downgraded by Oppenheimer. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Sector Perform” rating by RBC Capital Markets on Monday, November 30. RBC Capital Markets downgraded Stericycle Inc (NASDAQ:SRCL) on Friday, April 29 to “Underperform” rating. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Market Perform” rating by Raymond James on Friday, April 29. As per Monday, September 19, the company rating was maintained by RBC Capital Markets. As per Tuesday, September 8, the company rating was upgraded by Raymond James. Stifel Nicolaus maintained Stericycle Inc (NASDAQ:SRCL) on Friday, October 23 with “Buy” rating. Robert W. Baird downgraded Stericycle Inc (NASDAQ:SRCL) on Friday, October 23 to “Neutral” rating.

According to Zacks Investment Research, “Stericycle, Inc. is a multi-regional integrated company employing proprietary technology to provide environmentally-responsible management of regulated medical waste for the health care industry. The Company is the second-largest provider of regulated medical waste management services in the United States.”

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.14, from 0.91 in 2016Q1. The ratio fall, as 61 funds sold all Stericycle Inc shares owned while 218 reduced positions. 67 funds bought stakes while 186 increased positions. They now own 75.40 million shares or 8.40% less from 82.31 million shares in 2016Q1.
Bancorporation Of Mellon has 0.02% invested in the company for 651,621 shares. Kcg Inc owns 10,095 shares or 0.02% of their US portfolio. Walleye Trading Lc, a Minnesota-based fund reported 39,752 shares. Comerica Natl Bank owns 33,121 shares or 0.03% of their US portfolio. Callahan Advsr Limited Liability last reported 17,485 shares in the company. Regions Fincl holds 0.02% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 15,036 shares. Fiduciary Tru holds 0.55% or 151,312 shares in its portfolio. The Minnesota-based Ameriprise Inc has invested 0.02% in Stericycle Inc (NASDAQ:SRCL). Moreover, Schmidt P J Invest Management has 0.08% invested in Stericycle Inc (NASDAQ:SRCL) for 2,100 shares. Noesis Capital Mangement Corporation, a Florida-based fund reported 61,800 shares. Delta Asset Mngmt Ltd Llc Tn accumulated 0% or 180 shares. Ameritas Invest Prtn last reported 3,091 shares in the company. Hikari reported 120,700 shares or 1.45% of all its holdings. Credit Agricole S A accumulated 0.02% or 47,435 shares. Dynamic Solutions Lc holds 0.27% or 6,485 shares in its portfolio.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 5 sales for $9.73 million net activity. MILLER MARK C sold $2.53M worth of stock. Shares for $871,085 were sold by Dammeyer Rodney F. Schetz John P also sold $114,431 worth of Stericycle Inc (NASDAQ:SRCL) shares.

Stericycle, Inc. is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The company has a market cap of $6.37 billion. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services. It has a 27.49 P/E ratio. It operates regulated waste management networks in the United States and over 20 other countries.

SRCL Company Profile

Stericycle, Inc., incorporated on March 21, 1989, is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services. The Firm operates regulated waste management networks in the United States and over 20 other countries. It operates through two geographical divisions: United States and International. The Company’s networks include a total of approximately 250 processing facilities, over 360 transfer sites and over 140 other service facilities. The Company’s regulated waste processing treatments or technologies are autoclaving and incineration.

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