Engineers Gate Manager LP Acquires New Stake in Sterling Construction Company Inc (STRL)
Engineers Gate Manager LP acquired a new stake in shares of Sterling Construction Company Inc (NASDAQ:STRL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 70,399 shares of the construction company’s stock, valued at approximately $1,072,000. Engineers Gate Manager LP owned about 0.26% of Sterling Construction as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Voya Investment Management LLC acquired a new stake in Sterling Construction during the 2nd quarter valued at $144,000. Thompson Davis & CO. Inc. acquired a new stake in Sterling Construction during the 2nd quarter valued at $150,000. Airain ltd acquired a new stake in Sterling Construction during the 2nd quarter valued at $168,000. Macquarie Group Ltd. acquired a new stake in Sterling Construction during the 3rd quarter valued at $214,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Sterling Construction during the 2nd quarter valued at $194,000. Institutional investors own 71.96% of the company’s stock.
Sterling Construction Company Inc (NASDAQ STRL) opened at $17.30 on Wednesday. Sterling Construction Company Inc has a one year low of $7.75 and a one year high of $18.90. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62. The firm has a market cap of $474.21, a price-to-earnings ratio of 116.87, a PEG ratio of 3.58 and a beta of 0.36.
Several analysts have issued reports on STRL shares. Canaccord Genuity reissued a “buy” rating and set a $15.00 target price on shares of Sterling Construction in a research note on Saturday, August 26th. TheStreet downgraded shares of Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Zacks Investment Research downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, BidaskClub downgraded shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $17.00.
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Sterling Construction Company Profile
Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.
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