StarTek, Inc. (NYSE:SRT) released its quarterly earnings data on Wednesday. The business services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01, RTT News reports. StarTek had a net margin of 0.70% and a return on equity of 4.89%. The company had revenue of $73.98 million during the quarter, compared to analyst estimates of $76.84 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share.

StarTek (NYSE SRT) traded down 4.51% during midday trading on Thursday, reaching $11.64. 190,611 shares of the company were exchanged. The firm’s 50-day moving average is $12.56 and its 200-day moving average is $10.16. StarTek has a one year low of $4.23 and a one year high of $14.78. The firm has a market cap of $185.05 million, a P/E ratio of 88.85 and a beta of -0.07.

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SRT has been the subject of several recent research reports. Zacks Investment Research raised shares of StarTek from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Lake Street Capital raised their price target on shares of StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a report on Thursday.

In other news, Director Arnaud Ajdler sold 94,603 shares of StarTek stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $11.48, for a total value of $1,086,042.44. Following the transaction, the director now owns 37,507 shares of the company’s stock, valued at $430,580.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 17.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SRT. Dimensional Fund Advisors LP raised its position 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 worth $8,291,000 after buying an additional 29,596 shares in the last quarter. Engine Capital Management LLC raised its position in StarTek by 8,617.8% in the first quarter. Engine Capital Management LLC now owns 784,425 shares of the business services provider’s stock worth $6,817,000 after buying an additional 775,427 shares in the last quarter. Renaissance Technologies LLC raised its position in StarTek by 3.9% in the first quarter. Renaissance Technologies LLC now owns 634,300 shares of the business services provider’s stock worth $5,512,000 after buying an additional 23,900 shares in the last quarter. Acadian Asset Management LLC raised its position in StarTek by 70.6% in the first quarter. Acadian Asset Management LLC now owns 150,761 shares of the business services provider’s stock worth $1,307,000 after buying an additional 62,407 shares in the last quarter. Finally, Algert Global LLC purchased a new position in StarTek during the second quarter worth approximately $1,390,000. 46.05% of the stock is currently owned by institutional investors.

About StarTek

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.

Earnings History for StarTek (NYSE:SRT)

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