Spark Investment Management LLC Sells 19,700 Shares of Sterling Construction Company Inc (STRL)

Spark Investment Management LLC cut its position in shares of Sterling Construction Company Inc (NASDAQ:STRL) by 43.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the construction company’s stock after selling 19,700 shares during the period. Spark Investment Management LLC owned about 0.10% of Sterling Construction Company worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STRL. Argent Capital Management LLC raised its position in Sterling Construction Company by 2.4% in the first quarter. Argent Capital Management LLC now owns 306,530 shares of the construction company’s stock worth $2,835,000 after buying an additional 7,325 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in Sterling Construction Company by 22.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 546,420 shares of the construction company’s stock worth $5,054,000 after buying an additional 98,434 shares during the last quarter. Hancock Holding Co. bought a new position in Sterling Construction Company during the first quarter worth about $181,000. AlphaOne Investment Services LLC raised its position in Sterling Construction Company by 14.9% in the first quarter. AlphaOne Investment Services LLC now owns 475,424 shares of the construction company’s stock worth $4,397,000 after buying an additional 61,824 shares during the last quarter. Finally, Trexquant Investment LP raised its position in Sterling Construction Company by 8.1% in the first quarter. Trexquant Investment LP now owns 19,977 shares of the construction company’s stock worth $185,000 after buying an additional 1,489 shares during the last quarter. 73.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Sterling Construction Company Inc (NASDAQ:STRL) traded down 1.94% on Friday, reaching $10.63. The company had a trading volume of 117,627 shares. Sterling Construction Company Inc has a 12 month low of $4.81 and a 12 month high of $11.30. The company’s market capitalization is $286.77 million. The stock has a 50 day moving average price of $10.41 and a 200-day moving average price of $9.34.

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A number of research firms have recently issued reports on STRL. Zacks Investment Research raised Sterling Construction Company from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, May 11th. Canaccord Genuity reissued a “buy” rating and issued a $12.00 target price on shares of Sterling Construction Company in a report on Friday, April 28th.

Sterling Construction Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:STRL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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