Cubist Systematic Strategies LLC reduced its holdings in Sterling Construction Company, Inc. (NASDAQ:STRL) by 20.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,869 shares of the construction company’s stock after selling 2,959 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sterling Construction were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Board of Administration of Florida Retirement System lifted its position in shares of Sterling Construction by 21.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 20,677 shares of the construction company’s stock valued at $315,000 after acquiring an additional 3,621 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Sterling Construction by 16.5% in the second quarter. Parametric Portfolio Associates LLC now owns 32,559 shares of the construction company’s stock valued at $426,000 after acquiring an additional 4,603 shares in the last quarter. AlphaOne Investment Services LLC lifted its position in shares of Sterling Construction by 2.2% in the second quarter. AlphaOne Investment Services LLC now owns 486,074 shares of the construction company’s stock valued at $6,354,000 after acquiring an additional 10,650 shares in the last quarter. Voya Investment Management LLC purchased a new position in shares of Sterling Construction in the second quarter valued at approximately $144,000. Finally, Willis Investment Counsel lifted its position in shares of Sterling Construction by 7.1% in the third quarter. Willis Investment Counsel now owns 167,624 shares of the construction company’s stock valued at $2,553,000 after acquiring an additional 11,118 shares in the last quarter. 71.91% of the stock is currently owned by institutional investors.

In related news, Director Maarten D. Hemsley sold 29,800 shares of Sterling Construction stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $17.32, for a total transaction of $516,136.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

STRL has been the topic of several research reports. BidaskClub downgraded Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research downgraded Sterling Construction from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, TheStreet upgraded Sterling Construction from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Sterling Construction currently has a consensus rating of “Hold” and an average target price of $17.00.

Sterling Construction Company, Inc. (NASDAQ:STRL) opened at $16.43 on Friday. Sterling Construction Company, Inc. has a 1 year low of $7.75 and a 1 year high of $18.90. The company has a market capitalization of $444.45, a P/E ratio of 307.86, a P/E/G ratio of 1.43 and a beta of 0.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The firm had revenue of $304.20 million for the quarter, compared to the consensus estimate of $263.69 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 48.0% compared to the same quarter last year. analysts forecast that Sterling Construction Company, Inc. will post 0.44 EPS for the current year.

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About Sterling Construction

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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Institutional Ownership by Quarter for Sterling Construction (NASDAQ:STRL)

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