Alambic Investment Management L.P. Has $2.24 Million Position in Sterling Construction Company Inc (STRL)

Alambic Investment Management L.P. lowered its holdings in Sterling Construction Company Inc (NASDAQ:STRL) by 29.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,990 shares of the construction company’s stock after selling 81,379 shares during the quarter. Alambic Investment Management L.P. owned 0.72% of Sterling Construction worth $2,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Sterling Construction by 65.1% in the fourth quarter. Wells Fargo & Company MN now owns 265,951 shares of the construction company’s stock valued at $4,330,000 after acquiring an additional 104,886 shares during the period. Renaissance Technologies LLC increased its stake in Sterling Construction by 17.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,924,700 shares of the construction company’s stock valued at $31,334,000 after acquiring an additional 283,200 shares during the period. Two Sigma Investments LP increased its stake in Sterling Construction by 311.5% in the fourth quarter. Two Sigma Investments LP now owns 104,319 shares of the construction company’s stock valued at $1,698,000 after acquiring an additional 78,969 shares during the period. Cadence Capital Management LLC increased its stake in Sterling Construction by 7.8% in the fourth quarter. Cadence Capital Management LLC now owns 99,620 shares of the construction company’s stock valued at $1,622,000 after acquiring an additional 7,177 shares during the period. Finally, California Public Employees Retirement System increased its stake in Sterling Construction by 37.7% in the fourth quarter. California Public Employees Retirement System now owns 75,453 shares of the construction company’s stock valued at $1,228,000 after acquiring an additional 20,653 shares during the period. 70.88% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on STRL. BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, January 22nd. ValuEngine upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Finally, Zacks Investment Research lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.00.

In other news, COO Con L. Wadsworth purchased 8,000 shares of Sterling Construction stock in a transaction on Thursday, March 8th. The shares were purchased at an average cost of $12.43 per share, for a total transaction of $99,440.00. Following the completion of the transaction, the chief operating officer now directly owns 68,670 shares in the company, valued at $853,568.10. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by insiders.

Sterling Construction opened at $12.92 on Friday, Marketbeat Ratings reports. The stock has a market capitalization of $344.77 million, a price-to-earnings ratio of 23.49, a PEG ratio of 1.23 and a beta of 0.43. Sterling Construction Company Inc has a 12 month low of $12.77 and a 12 month high of $12.91. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.57.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 7th. The construction company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $203.10 million. Sterling Construction had a net margin of 1.59% and a return on equity of 13.26%. The company’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) earnings per share. research analysts predict that Sterling Construction Company Inc will post 0.94 earnings per share for the current fiscal year.

Sterling Construction Profile

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

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

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