Tygh Capital Management Inc. Sells 92,510 Shares of Sterling Construction Company, Inc. (STRL)

Share on StockTwits

Tygh Capital Management Inc. reduced its stake in shares of Sterling Construction Company, Inc. (NASDAQ:STRL) by 14.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 551,824 shares of the construction company’s stock after selling 92,510 shares during the quarter. Tygh Capital Management Inc.’s holdings in Sterling Construction were worth $6,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Sterling Construction during the fourth quarter valued at about $26,000. Advisory Services Network LLC bought a new position in Sterling Construction during the third quarter valued at about $110,000. Cambridge Investment Research Advisors Inc. bought a new position in Sterling Construction during the fourth quarter valued at about $136,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Sterling Construction during the third quarter valued at about $150,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Sterling Construction during the third quarter valued at about $175,000. Institutional investors own 77.54% of the company’s stock.

STRL has been the topic of several research analyst reports. BidaskClub downgraded Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 5th. ValuEngine downgraded Sterling Construction from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Finally, Zacks Investment Research downgraded Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.50.

Shares of NASDAQ:STRL traded up $0.21 during midday trading on Tuesday, hitting $13.30. The company’s stock had a trading volume of 200 shares, compared to its average volume of 144,618. The company has a market cap of $359.19 million, a P/E ratio of 24.18, a P/E/G ratio of 0.96 and a beta of 0.94. Sterling Construction Company, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $16.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 1.61.

TRADEMARK VIOLATION WARNING: This report was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/4146187/tygh-capital-management-inc-sells-92510-shares-of-sterling-construction-company-inc-strl.html.

About Sterling Construction

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.

Further Reading: What is channel trading?

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)

Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Tygh Capital Management Inc. Has $5.04 Million Position in H&E Equipment Services, Inc.
Tygh Capital Management Inc. Has $5.04 Million Position in H&E Equipment Services, Inc.
Columbia Emerging Markets Consumer ETF  Shares Sold by Whitnell & Co.
Columbia Emerging Markets Consumer ETF Shares Sold by Whitnell & Co.
Whitnell & Co. Reduces Holdings in Norfolk Southern Corp.
Whitnell & Co. Reduces Holdings in Norfolk Southern Corp.
SPDR S&P MidCap 400 ETF Trust  Holdings Reduced by Whitnell & Co.
SPDR S&P MidCap 400 ETF Trust Holdings Reduced by Whitnell & Co.
Tygh Capital Management Inc. Sells 92,510 Shares of Sterling Construction Company, Inc.
Tygh Capital Management Inc. Sells 92,510 Shares of Sterling Construction Company, Inc.
EnLink Midstream Partners LP  is Virtus ETF Advisers LLC’s 7th Largest Position
EnLink Midstream Partners LP is Virtus ETF Advisers LLC’s 7th Largest Position


Leave a Reply

© 2006-2019 Ticker Report