Trexquant Investment LP Grows Holdings in Sterling Construction Company Inc (STRL)

Trexquant Investment LP raised its stake in shares of Sterling Construction Company Inc (NASDAQ:STRL) by 281.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,437 shares of the construction company’s stock after purchasing an additional 45,345 shares during the period. Trexquant Investment LP owned 0.23% of Sterling Construction worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in shares of Sterling Construction by 17.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,924,700 shares of the construction company’s stock valued at $31,334,000 after purchasing an additional 283,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sterling Construction by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,553,682 shares of the construction company’s stock valued at $23,663,000 after purchasing an additional 70,860 shares during the last quarter. Millennium Management LLC bought a new position in shares of Sterling Construction during the 4th quarter valued at about $14,188,000. Driehaus Capital Management LLC boosted its holdings in shares of Sterling Construction by 52.1% during the 4th quarter. Driehaus Capital Management LLC now owns 399,446 shares of the construction company’s stock valued at $6,503,000 after purchasing an additional 136,827 shares during the last quarter. Finally, Northpointe Capital LLC bought a new position in shares of Sterling Construction during the 4th quarter valued at about $6,149,000. 70.88% of the stock is owned by institutional investors and hedge funds.

Shares of Sterling Construction opened at $12.92 on Friday, MarketBeat reports. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.57. Sterling Construction Company Inc has a 12 month low of $12.77 and a 12 month high of $12.91. The stock has a market capitalization of $349.64 million, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.25 and a beta of 0.43.

Sterling Construction (NASDAQ:STRL) last announced 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. Sterling Construction had a net margin of 1.59% and a return on equity of 13.26%. The firm had revenue of $222.50 million during the quarter, compared to the consensus estimate of $203.10 million. During the same quarter last year, the firm earned ($0.09) EPS. The firm’s revenue for the quarter was up 45.0% compared to the same quarter last year. sell-side analysts forecast that Sterling Construction Company Inc will post 0.94 earnings per share for the current year.

In other Sterling Construction news, COO Con L. Wadsworth purchased 8,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was purchased at an average price of $12.43 per share, with a total value of $99,440.00. Following the acquisition, the chief operating officer now owns 68,670 shares in the company, valued at $853,568.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is currently owned by company insiders.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Sterling Construction from a “sell” rating to a “hold” rating and set a $15.00 price target for the company in a report on Wednesday, May 9th. BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. TheStreet downgraded shares of Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, January 22nd. Finally, ValuEngine raised shares of Sterling Construction from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Sterling Construction presently has an average rating of “Hold” and a consensus target price of $15.00.

Sterling Construction Company 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.

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Construction Company Inc (NASDAQ:STRL).

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

Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply