Chicago Capital LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,558 shares of the construction company’s stock, valued at approximately $226,000.
Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth about $30,000. Nisa Investment Advisors LLC lifted its stake in Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after purchasing an additional 219 shares during the last quarter. Crewe Advisors LLC lifted its stake in Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Family Firm Inc. acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at about $38,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at about $40,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.
Sterling Infrastructure Trading Down 3.4 %
Shares of NASDAQ:STRL opened at $159.84 on Monday. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $170.50. The company has a market capitalization of $4.93 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a 50-day simple moving average of $131.52 and a 200 day simple moving average of $120.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.
View Our Latest Stock Analysis on Sterling Infrastructure
Insiders Place Their Bets
In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares in the company, valued at $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.
Sterling Infrastructure 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.
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