Bank of Montreal Can cut its holdings in Sterling Construction Company, Inc. (NASDAQ:STRL) by 37.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,436 shares of the construction company’s stock after selling 7,354 shares during the quarter. Bank of Montreal Can’s holdings in Sterling Construction were worth $202,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Voya Investment Management LLC bought a new stake in Sterling Construction in the 2nd quarter valued at approximately $144,000. Macquarie Group Ltd. bought a new stake in Sterling Construction in the 3rd quarter valued at approximately $214,000. Cubist Systematic Strategies LLC bought a new stake in Sterling Construction in the 2nd quarter valued at approximately $194,000. State Board of Administration of Florida Retirement System lifted its stake in Sterling Construction by 21.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 20,677 shares of the construction company’s stock valued at $315,000 after acquiring an additional 3,621 shares in the last quarter. Finally, Cavalier Investments LLC bought a new stake in Sterling Construction in the 3rd quarter valued at approximately $335,000. Institutional investors and hedge funds own 68.80% of the company’s stock.
In other news, Director Maarten D. Hemsley sold 29,800 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $17.32, for a total transaction of $516,136.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.
Shares of Sterling Construction Company, Inc. (STRL) opened at $12.39 on Monday. Sterling Construction Company, Inc. has a 12 month low of $8.42 and a 12 month high of $18.90. The stock has a market capitalization of $335.16, a P/E ratio of 247.85, a PEG ratio of 1.16 and a beta of 0.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44.
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Sterling Construction 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.
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