Sotera Health
About: Sotera Health Co provides sterilization, analytical lab testing, and advisory services to help ensure that medical, pharmaceutical and food products are safe for healthcare practitioners, patients, and consumers. The company operates in three segments: Sterigenics, Nordion, and Nelson Labs. Sterigenics provides outsourced terminal sterilization and irradiation services for medical device, pharmaceutical, food safety, and advanced applications; Nordion provides Co-60 and gamma irradiators, which are the key components to the gamma sterilization process; and Nelson Labs provides outsourced microbiological and analytical chemistry testing for the medical device and pharmaceutical industries. Its geographical segments are the United States, Canada, Europe, and other regions.
Employees: 3,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
32% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 31
19% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 62
5% more funds holding
Funds holding: 195 [Q1] → 205 (+10) [Q2]
0.33% more ownership
Funds ownership: 92.56% [Q1] → 92.89% (+0.33%) [Q2]
1% less capital invested
Capital invested by funds: $3.14B [Q1] → $3.12B (-$26.9M) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 8 (-1) [Q2]
28% less call options, than puts
Call options by funds: $296K | Put options by funds: $413K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Luke Sergott 50% 1-year accuracy 24 / 48 met price target | 8%upside $17 | Overweight Maintained | 6 Aug 2024 |
RBC Capital Sean Dodge 66% 1-year accuracy 31 / 47 met price target | 8%upside $17 | Outperform Reiterated | 6 Aug 2024 |