Millennium Management LLC trimmed its stake in shares of StarTek, Inc. (NYSE:SRT) by 56.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,303 shares of the business services provider’s stock after selling 31,257 shares during the period. Millennium Management LLC’s holdings in StarTek were worth $162,000 at the end of the most recent quarter.

Separately, BlackRock Inc. lifted its holdings in StarTek by 0.4% during the fourth quarter. BlackRock Inc. now owns 393,187 shares of the business services provider’s stock valued at $2,614,000 after purchasing an additional 1,595 shares in the last quarter. 10.34% of the stock is owned by institutional investors and hedge funds.

NYSE:SRT opened at $7.66 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.55. StarTek, Inc. has a twelve month low of $5.26 and a twelve month high of $8.22.

StarTek (NYSE:SRT) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04). The business had revenue of $161.14 million during the quarter. StarTek had a negative return on equity of 8.86% and a negative net margin of 5.21%.

SRT has been the topic of several research reports. ValuEngine downgraded shares of StarTek from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded shares of StarTek from a “hold” rating to a “sell” rating in a research note on Friday, May 10th.

In other news, COO Peter F. Martino sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $7.41, for a total value of $37,050.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.92% of the company’s stock.

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StarTek Company Profile

StarTek, Inc operates as a business process outsourcing company that provides omnichannel customer interactions and technology back-office support solutions. It primarily offers customer engagement consulting, omnichannel engagement, social media, customer intelligence analytics, scientific research, back office, and receivables management services under the Startek and Aegis brands.

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Institutional Ownership by Quarter for StarTek (NYSE:SRT)

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