Signia Capital Management Lowers stake in Sterling Construction Company (STRL)

Sterling Construction Company (STRL) : Signia Capital Management reduced its stake in Sterling Construction Company by 1.01% during the most recent quarter end. The investment management company now holds a total of 500,548 shares of Sterling Construction Company which is valued at $2,938,217 after selling 5,088 shares in Sterling Construction Company , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Sterling Construction Company makes up approximately 8.65% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , Skylands Capital sold out all of its stake in STRL during the most recent quarter. The investment firm sold 96,082 shares of STRL which is valued $552,472.Acadian Asset Management boosted its stake in STRL in the latest quarter, The investment management firm added 23,833 additional shares and now holds a total of 169,843 shares of Sterling Construction Company which is valued at $956,216. Creative Planning sold out all of its stake in STRL during the most recent quarter. The investment firm sold 500 shares of STRL which is valued $2,725.

Sterling Construction Company closed down -0.05 points or -0.81% at $6.13 with 1,02,818 shares getting traded on Monday. Post opening the session at $6.23, the shares hit an intraday low of $6.09 and an intraday high of $6.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Sterling Construction Company reported $0.09 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.09. The company had revenue of $189.60 million for the quarter, compared to analysts expectations of $180.83 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Sterling Construction Company. Shares were Reiterated by Maxim Group on May 25, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $8 .

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 and light rail and its water infrastructure projects include water wastewater and storm drainage systems. The Company provides its services primarily by using traditional general contracting arrangements including fixed-unit price contracts lump sum contracts and cost-plus contracts. Through its subsidiaries the Company performs construction contracts produces aggregates from a leased quarry and produces asphalt.

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