Oppenheimer & Co. Inc. Trims Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Oppenheimer & Co. Inc. decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) by 56.4% during the third quarter, Holdings Channel reports. The firm owned 5,439 shares of the construction company’s stock after selling 7,032 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sterling Infrastructure were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners lifted its position in Sterling Infrastructure by 4.9% during the third quarter. Boston Partners now owns 30,907 shares of the construction company’s stock valued at $2,271,000 after purchasing an additional 1,455 shares during the period. Quantbot Technologies LP bought a new position in Sterling Infrastructure during the third quarter valued at approximately $1,829,000. New York State Common Retirement Fund lifted its position in Sterling Infrastructure by 8.5% during the third quarter. New York State Common Retirement Fund now owns 61,560 shares of the construction company’s stock valued at $4,523,000 after purchasing an additional 4,842 shares during the period. Jump Financial LLC lifted its position in Sterling Infrastructure by 55.0% during the third quarter. Jump Financial LLC now owns 22,135 shares of the construction company’s stock valued at $1,626,000 after purchasing an additional 7,853 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new stake in Sterling Infrastructure during the third quarter valued at approximately $357,000. Institutional investors own 80.89% of the company’s stock.

Sterling Infrastructure Stock Up 1.4 %

Shares of STRL stock opened at $83.43 on Monday. Sterling Infrastructure, Inc. has a 12 month low of $34.23 and a 12 month high of $89.80. The stock has a market cap of $2.57 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.89 and a beta of 1.11. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $77.99 and a two-hundred day simple moving average of $74.28.

About Sterling Infrastructure

(Free Report)

Sterling Infrastructure, Inc engages in the e-infrastructure, transportation, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.

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Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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