Economy

Sterling Construction Company Inc (NASDAQ:STRL) Shares Bought by Vanguard Group Inc

Sterling Construction (NASDAQ:STRL) last issued its earnings results on Monday, October 31st. The institutional investor owned 898,718 shares of the construction company's stock after buying an additional 87,436 shares during the period. Finally, Vanguard Group Inc. increased its position in Sterling Construction by 5.7% in the second quarter. It turned negative, as 18 investors sold Sterling Construction Company, Inc. shares while 21 reduced holdings.

Wall Street Associates reduced its stake in shares of Sterling Construction Co. Pacific Ridge Capital Partners, LLC claims 510,170 shares with a value of $6,668,000. Sterling Construction's revenue for the quarter was up 39.5% compared to the same quarter previous year. Argent Capital Management LLC now owns 306,530 shares of the construction company's stock valued at $2,835,000 after purchasing an additional 7,325 shares during the period. As of quarter end Alphaone Investment Services, LLC had acquired 10,650 shares growing its stake by 2.2%. The value of the investment in Sterling Construction Company I increased from $185,000 to $369,000 a change of $184,000 for the reporting period.

Pacific Ridge Capital Partners, LLC divested its ownership by selling 36,250 shares a decrease of 6.6% from 03/31/2017 to 06/30/2017. The firm has "Buy" rating given on Monday, May 9 by DA Davidson. The firm has "Buy" rating given on Wednesday, August 9 by Canaccord Genuity. Sterling Construction has a 52 week low of $6.13 and a 52 week high of $15.26. Segantii reported 0.01% in Sterling Construction Company, Inc.

Among 5 analysts covering Sterling Construction (NASDAQ:STRL), 3 have Buy rating, 0 Sell and 2 Hold. Accern also gave headlines about the construction company an impact score of 45.5084951165106 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & global trademark & copyright laws. 21 funds opened positions while 25 raised stakes. (NASDAQ:STRL). Cornerstone Cap Management Holding Ltd Liability Corporation holds 0% of its portfolio in Sterling Construction Company, Inc. 67,095 shares of the company traded hands. The stock has a 50 day moving average price of $8.51 and a 200 day moving average price of $7.28. Franklin Resources Inc. now owns 1,183,400 shares of the company's stock valued at $5,810,000 after buying an additional 220,000 shares in the last quarter. The stock's market capitalization is $381.93 million.

As of the last earnings report the EPS was $-0.10 and is expected to be $0.39 for the current year with 27,030,000 shares presently outstanding. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The firm earned $205.60 million during the quarter, compared to the consensus estimate of $198.75 million. During the same quarter a year ago, the company earned $0.09 EPS. Sterling Construction's revenue was up 39.5% compared to the same quarter a year ago. On average, equities research analysts anticipate that Sterling Construction Company Inc will post $0.39 earnings per share for the current fiscal year. The stock was sold at an average price of $10.63, for a total transaction of $159,450.00. Overall, volume was up 133.74% over the stocks normal daily volume. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sterling Construction Company, Inc.is a heavy civil construction firm engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states.



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