Malaga Cove Capital LLC Decreases Stake in Sterling Construction Company, Inc. (STRL)

Malaga Cove Capital LLC lowered its holdings in Sterling Construction Company, Inc. (NASDAQ:STRL) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,246 shares of the construction company’s stock after selling 1,500 shares during the quarter. Malaga Cove Capital LLC owned 0.07% of Sterling Construction worth $241,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in Sterling Construction by 18.9% in the fourth quarter. Millennium Management LLC now owns 316,225 shares of the construction company’s stock valued at $3,444,000 after acquiring an additional 50,226 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Sterling Construction by 59.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,525 shares of the construction company’s stock worth $213,000 after buying an additional 7,275 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Sterling Construction during the 4th quarter worth $686,000. BlackRock Inc. raised its stake in shares of Sterling Construction by 4.5% during the 3rd quarter. BlackRock Inc. now owns 2,020,455 shares of the construction company’s stock worth $28,933,000 after buying an additional 86,589 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Sterling Construction by 33.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 82,599 shares of the construction company’s stock worth $900,000 after buying an additional 20,838 shares during the last quarter. 79.51% of the stock is owned by institutional investors.

Several research firms have recently issued reports on STRL. BidaskClub raised Sterling Construction from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Zacks Investment Research downgraded Sterling Construction from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Finally, ValuEngine raised Sterling Construction from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.50.

Shares of NASDAQ:STRL traded up $0.46 during midday trading on Friday, hitting $13.89. 228,863 shares of the stock were exchanged, compared to its average volume of 174,478. The company has a market capitalization of $367.03 million, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The company has a quick ratio of 1.67, a current ratio of 1.69 and a debt-to-equity ratio of 0.46. Sterling Construction Company, Inc. has a twelve month low of $9.71 and a twelve month high of $16.07.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings results on Monday, March 4th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Sterling Construction had a return on equity of 15.44% and a net margin of 2.43%. The business had revenue of $255.18 million during the quarter, compared to the consensus estimate of $247.85 million. As a group, equities analysts anticipate that Sterling Construction Company, Inc. will post 1.15 earnings per share for the current year.

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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.

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

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