Advantage Alpha Capital Partners LP Invests $1.98 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Advantage Alpha Capital Partners LP acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,761 shares of the construction company's stock, valued at approximately $1,981,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its position in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after buying an additional 143 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $39,000. Arcadia Investment Management Corp MI bought a new stake in shares of Sterling Infrastructure in the fourth quarter worth about $71,000. Private Trust Co. NA purchased a new position in Sterling Infrastructure during the 3rd quarter valued at about $78,000. Finally, Venturi Wealth Management LLC increased its holdings in Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after purchasing an additional 575 shares during the period. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Down 4.9 %

STRL traded down $6.49 on Wednesday, hitting $124.80. The company had a trading volume of 216,243 shares, compared to its average volume of 394,332. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The stock has a fifty day simple moving average of $138.68 and a 200-day simple moving average of $156.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $3.82 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.28 and a beta of 1.32.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Monday.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.