Mutual of America Capital Management LLC lessened its position in STERIS plc ( NYSE:STE – Free Report ) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,171 shares of the medical equipment provider’s stock after selling 318 shares during the period. Mutual of America Capital Management LLC’s holdings in STERIS were worth $2,952,000 at the end of the most recent reporting period. Other hedge funds have also recently modified their holdings of the company. Bleakley Financial Group LLC increased its holdings in STERIS by 8.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,680 shares of the medical equipment provider’s stock valued at $407,000 after purchasing an additional 134 shares during the period. Assetmark Inc. increased its stake in shares of STERIS by 24.6% during the third quarter. Assetmark Inc. now owns 13,410 shares of the medical equipment provider’s stock valued at $3,252,000 after buying an additional 2,647 shares during the period. BDF Gestion bought a new position in shares of STERIS during the second quarter valued at approximately $2,644,000. KBC Group NV lifted its stake in STERIS by 52.0% in the third quarter. KBC Group NV now owns 12,071 shares of the medical equipment provider’s stock worth $2,928,000 after acquiring an additional 4,132 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in STERIS by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,738,630 shares of the medical equipment provider’s stock valued at $390,880,000 after acquiring an additional 120,616 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock. Insiders Place Their Bets In other news, CFO Michael J. Tokich sold 23,332 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $247.00, for a total value of $5,763,004.00. Following the completion of the transaction, the chief financial officer now owns 42,930 shares in the company, valued at $10,603,710. The trade was a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Corporate insiders own 1.14% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Analysis on STE STERIS Price Performance STE stock opened at $214.34 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.55 and a current ratio of 2.41. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 48.94 and a beta of 0.85. The firm has a 50 day moving average price of $227.28 and a 200-day moving average price of $228.52. STERIS plc has a 52-week low of $195.47 and a 52-week high of $248.24. STERIS ( NYSE:STE – Get Free Report ) last released its earnings results on Wednesday, November 6th. The medical equipment provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.12 by $0.02. STERIS had a return on equity of 13.78% and a net margin of 8.02%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts forecast that STERIS plc will post 9.15 EPS for the current fiscal year. STERIS Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.28 dividend on an annualized basis and a yield of 1.06%. STERIS’s dividend payout ratio is currently 52.05%. STERIS Company Profile ( Free Report ) STERIS plc provides infection prevention products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; endoscopy accessories, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services. See Also Want to see what other hedge funds are holding STE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STERIS plc ( NYSE:STE – Free Report ). Receive News & Ratings for STERIS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STERIS and related companies with MarketBeat.com's FREE daily email newsletter .
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NoneArchaeologists have discovered the remains of an ancient city road dating back over 3,000 years at Yinxu, or the Yin Ruins, in central China’s Henan Province. – Xinhua photo BEIJING (Dec 28): Archaeologists have discovered the remains of an ancient city road dating back over 3,000 years at Yinxu, or the Yin Ruins, in central China’s Henan Province. The archaeologists have carried out excavations and confirmed the presence of a north-south main road, featuring a 1.6-kilometre-long ditch and dense wheel ruts on its surface. This discovery marks the longest urban thoroughfare ever found at the site, which had been the capital of the late Shang (Yin) Dynasty (1600 BC-1046 BC). The new discovery was revealed at a briefing held by the National Cultural Heritage Administration on Thursday, highlighting the latest progress in a project exploring archaeology in China. Fine sand mixed with fragments of pottery and small stones was found on the road surface. Cultural relics such as bronze horse bits and stone axes have also been unearthed from the surrounding soil, according to Niu Shishan, a researcher at the Institute of Archaeology of the Chinese Academy of Social Sciences who is in charge of the excavation work. “Over 3,000 years ago, this road was likely bustling with carriages and horses, teeming with the constant flow of traffic,” Niu said. This new discovery, along with previously uncovered remains of multiple roads and ditches, reveals an urban road network pattern of the Shang Dynasty capital, featuring a grid of three main east-west roads and three main north-south roads. The newly discovered network of roads and ditches, confirmed this year, fills a gap in the large-scale linear remains on the north bank of the Huanhe River at the Yin ruins, Niu said, adding that these findings have provided archaeologists with a preliminary understanding of the urban framework in this area, marking a significant breakthrough in the study of the urban planning and layout of the capital city of Shang Dynasty. The study of the scale, layout and functional zoning of the Yin Ruins has long been a key focus for archaeologists in the field. After years of excavation on the north bank of the river, archaeologists in 2024 discovered multiple roads and associated ditches in the area. Some of these roads are more than 15 metres wide, with the widest point stretching nearly 30 metres, indicating that they were major thoroughfares in the capital at the time. The main roads discovered in this area are spaced 320 to 550 metres apart, while some intermediate-level roads are located about 100 metres apart. These roads are interconnected, showing clear evidence of intentional human planning, according to Niu. Based on previous findings of archaeological excavations, it has been confirmed that the roads in the Shang capital city can be generally classified into three levels according to their width, or referred to as main roads, streets and alleys, Niu said. Situated in Henan’s Anyang City, the 3,300-year-old Yin Ruins is the first documented late Shang Dynasty capital site in China, as confirmed by archaeological excavations and oracle bone inscriptions. – XinhuaIran denies embassy evacuation in Syria amid rising terrorism
Patrick Mahomes' reason for snubbing Netflix' cake proves he only has another Super Bowl win on his mindWhen the page turns on 2024, it will be time to say goodbye, once and for all, to the amateur athlete in college sports. In theory, the concept held on stubbornly via the quaint and now all-but-dead notion that student-athletes played only for pride, a scholarship and some meal money. In practice, the amateurs have been disappearing for years, washed away by the steady millions, now billions, that have flowed into college athletics, mostly through football and basketball both through legitimate and illicit means. In the coming year, the last vestiges of amateur college sports are expected to officially sputter out — the final step of a journey that has felt inevitable since 2021. That’s when the Supreme Court laid the foundation for paying college players in exchange for promotions — on social media, TV, video games, you name it — featuring their name, image or likeness (NIL). The changes have come in spasms so far, not always well thought out, not always fair and not regulated by any single entity like the NCAA or federal government, but rather by a collection of state laws, along with rules at individual schools and the leagues in which they play. But on April 7, the day final approval is expected for the landmark, $2.8 billion lawsuit settlement that lays the foundation for players to receive money directly from their schools, what was once considered anathema to the entire concept of college sports will become the norm. David Schnase, the NCAA’s vice president for academic and membership affairs, acknowledges that maintaining the unique essence of college sports is a challenge in the shifting landscape. “You can use the word ‘pro,’ you can use the word ‘amateur,’ you can attach whatever moniker you want to it, but those are just labels,” Schnase said. “It’s much less about labels and more about experiences and circumstances. Circumstances are different today than they were last year and they are likely going to be different in the foreseeable future.” Few would argue that college athletes shouldn’t get something back for the billions they help produce in TV and ticket revenue, merchandise sales and the like. But is everyone going to cash in? Are college players really getting rich? Recent headlines suggest top quarterback recruit Bryce Underwood was lured to Michigan thanks to funding from billionaire Oracle founder Larry Ellison, and that a top basketball recruit, A.J. Dybantsa, is heading to BYU — not a hoops powerhouse — for the reported price of $7 million. For every Underwood or Dybantsa, though, there are even more Matthew Slukas and Beau Pribulas. Sluka’s agent says his son agreed to play quarterback at UNLV after a promise of receiving $100,000 and quit three games into the season after the checks never came. Pribula was the backup quarterback at Penn State who abruptly entered the transfer portal earlier this month, choosing the college version of free agency over a chance to play with the Nittany Lions in the College Football Playoff. He’s not the only one hitting the portal in hopes of getting rich before new regulations related to the NCAA settlement take effect. “We’ve got problems in college football,” Penn State coach James Franklin said. The settlement will overhaul the current system. Currently, players receive money via third-party collectives that are booster-funded groups affiliated with individual schools. Coming up fast: the schools paying the athletes directly — the term often used here is “revenue sharing” — with collectives still an option, but not the only one. “It’s going to be more transparent,” said Jeff Kessler, the plaintiffs’ attorney and antitrust veteran who helped shape the settlement. “If anything, having the schools handling all the payments is only going to improve the system.” The NCAA has started collecting data about NIL payments, which date to July 2021. Its first set of numbers, which includes data from more than 140 schools across more than 40 sports in 2024, show a bracing disconnect between have and have-nots. For instance, average earnings for football and men’s and women’s basketball players is nearly $38,000. But the median earning — the middle number among all the data points on the list — is only $1,328, a sign of how much the biggest contracts skew the average. The statistics also show a vast difference in earnings between men and women, an issue that could impact schools’ ability to comply with Title IX. That 1972 law requires schools to provide equal athletic scholarships and financial aid but not necessarily that they spend the same dollar amount on men and women. Heading into 2025, there is no clarity on how this issue will play out. Regardless, the numbers are jarring. The NCAA data set shows the average earnings for women in 16 sports was $8,624, compared with $33,321 for men in 11 sports. Men,’s basketball players averaged $56,000 compared with $11,500 for women. The biggest losers from this move toward a professional model could be all the swimmers and wrestlers and field hockey players — the athletes in the so-called non-revenue sports whose programs also happen to serve as the backbone of the U.S. Olympic team. Only a tiny percentage of those athletes are getting rich, and now that universities have to use revenue to pay the most sought-after players in their athletic programs, there could be cuts to the smaller sports. Also, someone’s going to have backfill the revenue that will now go to the players. Well-heeled donors like Ellison are not around for every school, nor have private equity firms started sending money. The average fan will have to pony up, and the last six months have seen dozens — if not hundreds — of athletic directors begging alumni for money and warning them of changes ahead. Already there are schools placing surcharges on tickets or concessions. How will fans respond to a more transactional model of college sports? “I don’t know that fans have this really great love for the idea of 100% pure amateurism,” said Nels Popp, a University of North Carolina sports business professor. “I think what they care about is the colors and the logos and the brand. I don’t know that it matters to them if the players are making a little bit of money or a lot of money. They’ve been making money for the last couple years, and I don’t know that that’s making fans really back off.” The last time amateurism came under such assault was in the 1980s, when the Olympics unwound the final remnants of pretending the vast majority of their athletes were anything other than full-time professionals. The transformation was tinged with a note of honesty: The people putting on the show should reap some benefits from it. Even 40 years later, there’s an good argument they remain underpaid. The contours of the same debate are shaping up in college sports. Athletes are pushing for a players’ association that would add more transparency to a business that, even with the changes coming, is still largely dictated by the schools. The NCAA, while acceding to the need to pay the players, wants nothing to do with turning them into actual employees of the schools they play for. It’s an expensive prospect that is winding its way through the legal system via lawsuits and labor hearings that many in college sports are desperate to avoid for fear it will push the entire industry off the financial cliff. Among the few things everyone agrees on is that things aren’t going back to a time when athletes pretended to play for pride while the money moved under tables and through shadows. And that this, in fact, could only be the start, not the end, of the transformation of college sports. “At some point, I think people might have to understand that maybe college athletes don’t go to college anymore,” Popp said. “Or maybe they don’t go to class during the season. There could be more radical changes, and as long as they’re wearing the right logo and the right colors, I’m not sure that fans really care.” Get local news delivered to your inbox!
Chief Minister Murad Ali Shah on Thursday paid tribute to former Prime Minister Benazir Bhutto on the 17th anniversary of her assassination, remembering her as a courageous champion of democracy and the marginalised. In a statement issued from the CM House, Shah lauded Bhutto as the Islamic world's first female prime minister, praising her unwavering stance against terrorism and dictatorship. He described her as a symbol of the federation and a tireless advocate for farmers, labourers, and the middle class, stating that her political legacy focused on improving the lives of Pakistan's most vulnerable citizens. The CM highlighted Bhutto's two terms in office, emphasising the positive impact on the lives of the underprivileged. He drew parallels between her bravery and that of her father, Zulfikar Ali Bhutto, stressing her commitment to democracy even in the face of death. Shah condemned her assassination as a tragic attempt to undermine Pakistan's progress and extinguish the hopes of its impoverished population. However, he affirmed that her mission continues through PPP Chairman, who, he said, carries on her fight for social justice. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see ourWASHINGTON (AP) — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling , as early as January 14, in a letter sent to congressional leaders Friday afternoon. "Treasury expects to hit the statutory debt ceiling between January 14 and January 23," Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation's debt ceiling — which has been suspended until Jan. 1, 2025. The department has in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. But once those measures run out the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. "I respectfully urge Congress to act to protect the full faith and credit of the United States," she said. The news comes after President Joe Biden signed a bill into law last week that averted a government shutdown but did not include President-elect Donald Trump’s core debt demand to raise or suspend the nation’s debt limit. The bill was approved by Congress only after fierce internal debate among Republicans over how to handle Trump's demand. “Anything else is a betrayal of our country,” Trump said in a statement. After a protracted debate in the summer of 2023 over how to fund the government, policymakers crafted the Fiscal Responsibility Act, which included suspending the nation's $31.4 trillion borrowing authority until Jan. 1, 2025. Notably however, Yellen said, on Jan. 2 the debt is projected to temporarily decrease due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated with Medicare payments. As a result, “Treasury does not expect that it will be necessary to start taking extraordinary measures on January 2 to prevent the United States from defaulting on its obligations," she said. The federal debt currently stands at roughly $36 trillion — which ballooned across both Republican and Democratic administrations. And the spike in inflation after the coronavirus pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but debate over how to pay for them. Fatima Hussein, The Associated Press
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