Engineers Gate Manager LP trimmed its holdings in Sterling Construction Company, Inc. (NASDAQ:STRL) by 57.8% during the fourth quarter, Holdings Channel reports. The fund owned 29,740 shares of the construction company’s stock after selling 40,659 shares during the period. Engineers Gate Manager LP’s holdings in Sterling Construction were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of STRL. Voya Investment Management LLC acquired a new stake in Sterling Construction in the 2nd quarter valued at about $144,000. Cubist Systematic Strategies LLC acquired a new stake in Sterling Construction in the 2nd quarter valued at about $194,000. Macquarie Group Ltd. acquired a new stake in Sterling Construction in the 3rd quarter valued at about $214,000. Koshinski Asset Management Inc. acquired a new stake in Sterling Construction in the 4th quarter valued at about $269,000. Finally, Ameriprise Financial Inc. acquired a new stake in Sterling Construction in the 2nd quarter valued at about $306,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on STRL shares. BidaskClub lowered shares of Sterling Construction from a “sell” rating to a “strong sell” rating in a report on Thursday, February 8th. TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research lowered shares of Sterling Construction from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.00.

Sterling Construction Company, Inc. (NASDAQ STRL) opened at $12.17 on Wednesday. The stock has a market cap of $329.21, a PE ratio of 245.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.19. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62. Sterling Construction Company, Inc. has a 1-year low of $8.42 and a 1-year high of $18.90.

In other Sterling Construction news, Director Maarten D. Hemsley sold 29,800 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.32, for a total value of $516,136.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

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Sterling Construction Company Profile

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

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)

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