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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of STRL. Versant Capital Management Inc raised its holdings in shares of Sterling Infrastructure by 355.8% during the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after acquiring an additional 185 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $39,000. Huntington National Bank increased its holdings in shares of Sterling Infrastructure by 34.6% during 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 stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $56,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $71,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on STRL shares. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. DA Davidson raised shares of 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.

Sterling Infrastructure Stock Down 0.1%

Sterling Infrastructure stock traded down $0.14 during midday trading on Thursday, reaching $204.32. The company's stock had a trading volume of 369,588 shares, compared to its average volume of 503,222. The company has a market cap of $6.21 billion, a P/E ratio of 34.51, a P/E/G ratio of 1.28 and a beta of 1.37. 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 business has a 50-day simple moving average of $167.92 and a 200-day simple moving average of $157.38. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $208.77.

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.