Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Position Cut by Dark Forest Capital Management LP

Dark Forest Capital Management LP lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 64.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,930 shares of the construction company's stock after selling 12,379 shares during the period. Dark Forest Capital Management LP's holdings in Sterling Infrastructure were worth $1,167,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of STRL. Vanguard Group Inc. raised its stake in Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after buying an additional 581,847 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Sterling Infrastructure by 1,088.1% during the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after purchasing an additional 325,620 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Sterling Infrastructure in the fourth quarter worth $47,712,000. Capital Research Global Investors increased its stake in Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after purchasing an additional 252,934 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Sterling Infrastructure by 74.1% during the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock worth $60,025,000 after purchasing an additional 151,642 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock traded up $0.07 during midday trading on Tuesday, reaching $149.63. 112,850 shares of the stock traded hands, compared to its average volume of 489,468. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.28 and a beta of 1.19. The firm has a fifty day moving average price of $125.21 and a two-hundred day moving average price of $154.19.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Thursday, February 27th. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company. Finally, StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.