GAMMA Investing LLC Increases Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

GAMMA Investing LLC raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 10,336.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,755 shares of the construction company's stock after purchasing an additional 34,422 shares during the period. GAMMA Investing LLC owned approximately 0.11% of Sterling Infrastructure worth $3,935,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure during the 4th quarter valued at $39,000. Versant Capital Management Inc boosted its stake in shares of Sterling Infrastructure by 355.8% in the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after buying an additional 185 shares during the last quarter. Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Sterling Infrastructure in the 4th quarter worth $56,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Sterling Infrastructure in the 4th quarter worth $71,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on STRL. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Thursday, February 27th. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sterling Infrastructure Price Performance

NASDAQ:STRL traded down $1.33 on Friday, reaching $202.99. 333,770 shares of the company's stock traded hands, compared to its average volume of 504,748. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $169.70 and a 200-day simple moving average of $157.14. The firm has a market cap of $6.17 billion, a PE ratio of 34.29, a P/E/G ratio of 1.28 and a beta of 1.37. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $208.77.

Sterling Infrastructure Profile

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.