AlphaQuest LLC Sells 3,257 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

AlphaQuest LLC cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 367 shares of the construction company's stock after selling 3,257 shares during the quarter. AlphaQuest LLC's holdings in Sterling Infrastructure were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its holdings in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Huntington National Bank lifted its holdings in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company's stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure during the fourth quarter valued at about $39,000. Arcadia Investment Management Corp MI bought a new stake in shares of Sterling Infrastructure during the fourth quarter valued at about $71,000. Finally, Private Trust Co. NA bought a new stake in shares of Sterling Infrastructure during the third quarter valued at about $78,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Shares of STRL traded up $0.70 during midday trading on Friday, hitting $126.63. 837,752 shares of the company traded hands, compared to its average volume of 394,177. The stock has a 50-day moving average of $140.05 and a 200-day moving average of $155.70. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The firm has a market cap of $3.88 billion, a P/E ratio of 21.39, a PEG ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating on the stock. Finally, StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.

About Sterling Infrastructure

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.