Dimensional Fund Advisors LP Has $11.43 Million Position in StarTek, Inc. (SRT)

Dimensional Fund Advisors LP trimmed its stake in shares of StarTek, Inc. (NYSE:SRT) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 933,386 shares of the business services provider’s stock after selling 20,714 shares during the quarter. Dimensional Fund Advisors LP owned 5.87% of StarTek worth $11,425,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. bought a new stake in shares of StarTek during the 2nd quarter valued at $258,000. Bank of New York Mellon Corp raised its stake in shares of StarTek by 93.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,412 shares of the business services provider’s stock valued at $531,000 after purchasing an additional 20,969 shares during the period. Renaissance Technologies LLC raised its stake in shares of StarTek by 3.9% during the 1st quarter. Renaissance Technologies LLC now owns 634,300 shares of the business services provider’s stock valued at $5,512,000 after purchasing an additional 23,900 shares during the period. KCG Holdings Inc. bought a new stake in shares of StarTek during the 1st quarter valued at $123,000. Finally, Algert Global LLC bought a new stake in shares of StarTek during the 2nd quarter valued at $1,390,000. Institutional investors own 49.58% of the company’s stock.

SRT has been the topic of a number of analyst reports. Zacks Investment Research lowered StarTek from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Robert W. Baird reiterated a “hold” rating and set a $12.00 price objective on shares of StarTek in a research note on Wednesday, October 4th. 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 research note on Monday, November 6th. Finally, Lake Street Capital boosted their price objective on StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 10th.

Shares of StarTek, Inc. (SRT) opened at $9.72 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.41 and a current ratio of 2.41. StarTek, Inc. has a one year low of $7.51 and a one year high of $14.78. The stock has a market capitalization of $158.20, a price-to-earnings ratio of 70.00 and a beta of -0.12.

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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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