EAM Investors LLC Sells 4,511 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

EAM Investors LLC trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,239 shares of the construction company's stock after selling 4,511 shares during the quarter. Sterling Infrastructure comprises about 0.8% of EAM Investors LLC's investment portfolio, making the stock its 17th biggest position. EAM Investors LLC owned about 0.11% of Sterling Infrastructure worth $5,599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in STRL. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure in the 4th quarter worth approximately $39,000. Huntington National Bank grew its holdings in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares in the last quarter. National Bank of Canada FI bought a new stake in Sterling Infrastructure in the fourth quarter worth $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure during the fourth quarter valued at $71,000. Finally, Venturi Wealth Management LLC lifted its position in Sterling Infrastructure by 1,369.0% during the fourth 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 last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Thursday, February 27th. StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company.

Sterling Infrastructure Trading Down 0.1 %

NASDAQ:STRL traded down $0.17 during mid-day trading on Friday, hitting $140.27. 1,045,290 shares of the stock traded hands, compared to its average volume of 479,072. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.28 and a beta of 1.19. The firm's 50 day moving average is $124.01 and its two-hundred day moving average is $154.49.

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.